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Bank of Montreal beats quarterly profit estimates

TORONTO, Feb 23 (Reuters) - Bank of Montreal  BMO.TO  beat
analysts' estimates for quarterly profit on Tuesday, as it set
aside lower-than-expected funds for loan loss provisions. 
    Net income excluding one-off items rose to C$2.04 billion,
or C$3.06 a share, in the three months to January, compared with
C$1.6 billion, or C$2.41 a share, a year earlier. Analysts had
expected C$2.15 a share, according to IBES data from Refinitiv.
    Reported net income was C$2.02 billion, or C$3.03 a share,
up from C$1.59 billion, or C$2.37 a share, a year earlier. 

($1 = 1.2615 Canadian dollars)

 (Reporting By Nichola Saminather and Sohini Podder)
 ((Nichola.Saminather@thomsonreuters.com; +1-416-687-7604;))
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