BUZZ-Bank of Montreal rises on Q1 profit beat

Shares of Bank of Montreal BMO.TO rise 3.5% to C$147.27 in early trading

BMO beats first-quarter profit estimates on wealth management and capital markets strength

The Canadian bank's wealth management unit reported Q1 net income of C$369 million, up 53% from year earlier

BMO reported adjusted earnings of C$3.04 per share for the quarter ended in January 31, beating analysts' average estimate of C$2.41 - LSEG data

As of last close, shares of BMO have gained 2% YTD