TORONTO (AP) _ Bank Of Montreal (BMO) on Tuesday reported fiscal first-quarter earnings of $2.32 billion.

The Toronto-based bank said it had earnings of $3.49 per share. Earnings, adjusted for non-recurring gains, came to $3.07 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.60 per share.

The bank posted revenue of $7.03 billion in the period. Its revenue net of interest expense was $6.1 billion, also exceeding Street forecasts.

Bank of Montreal shares have risen almost 6% since the beginning of the year. The stock has increased 40% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BMO at https://www.zacks.com/ap/BMO

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