TORONTO (AP) _ Bank Of Montreal (BMO) on Friday reported fiscal fourth-quarter net income of $1.72 billion.

The bank, based in Toronto, said it had earnings of $2.57 per share. Earnings, adjusted for non-recurring costs, came to $2.65 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.52 per share.

The bank posted revenue of $6.24 billion in the period. Its revenue net of interest expense was $5.23 billion, also topping Street forecasts.

For the year, the company reported profit of $6.17 billion, or $9.21 per share. Revenue was reported as $21.62 billion.

Bank of Montreal shares have climbed 38% since the beginning of the year. The stock has risen 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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