BMO Accelerates US Growth, Seeing Path to Reach Target Quicker.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Wang, Yizhu 3 of 3

Abstract

The article focuses on Bank of Montreal’s expansion and growth strategy for its US operations under the leadership of Aron Levine, president of BMO US. The bank aims to increase its US return on equity (ROE) from 8.5% to 12% by the end of 2027 through hiring bankers, opening over 130 new branches in California, and expanding its wealth-advisory services. This follows BMO’s $16.3 billion acquisition of Bank of the West, which made California its largest retail market by branch count. Additionally, BMO is integrating artificial intelligence tools, such as Microsoft’s Copilot chatbot, to enhance operational efficiency and client service. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/03, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:192419513
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