Bank of Montreal's quarterly earnings beat expectations

TORONTO (Reuters) - Bank of Montreal reported a 3 percent increase in quarterly earnings, ahead of market expectations, on strength in its retail and commercial banking and capital markets businesses. The bank, Canada's fourth-largest, said on Tuesday its earnings per share for the third quarter to July 31 were C$1.86, above the analysts' average forecast of C$1.81, according to Thomson Reuters I/B/E/S. Net income rose by 4 percent to C$1.25 billion from a year earlier. However, the bank reporte