05/25/2011 03:46 EDT | Updated 11/16/2011 06:04 EST

BMO Earnings Rise: Bank Of Montreal Quarterly Profits Beat Analyst Estimates

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The bank trimmed its provisions for loan losses to $145 million, down 42 per cent from the $249 million it set aside in the same quarter a year ago.

Quarterly revenues rose 5.5 per cent to $3.22 billion.

The bank held its quarterly dividend steady at 70 cents a share, which at the current stock price generates a yield of 4.60 per cent..

BMO shares closed Tuesday at $61.50.