Bank of Montreal hit a new 52-week high, surpassing its previous peak of C$147.54, which the company reached on December 6th.

Canadian lender Bank of Montreal on Tuesday reported a jump in first-quarter profit driven by strength in its capital markets business. Adjusted earnings from BMO's capital markets business jumped 45% to C$591 million ($414.

Bank of Montreal TXN-Q -0.37% posted higher first-quarter profit that topped analysts’ estimates as capital markets activity surged. BMO earned $2.1-billion or $2.83 per share in the three months that ended Jan3 31. That compared with $1.3-billion or $1.73 per share in the same quarter last year.