BMO Looks to Revamped US Business for Next Phase of Growth.

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

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Dobby, Christine 3 of 3

Abstract

The article focuses on Bank of Montreal CEO Darryl White’s strategy to drive growth and improve returns by revitalizing its US business and enhancing productivity. Despite recent underperformance, the US division—responsible for over 40% of earnings and bolstered by the 2023 acquisition of Bank of the West—is expected to increase its return on equity (ROE) from 8.5% to 12% by fiscal 2027. The bank has restructured its US operations into a single division to better tailor services and capitalize on cross-selling opportunities. White reaffirmed the bank’s goal of achieving a sustained ROE above 15% by 2027, emphasizing that this target is based on realistic assumptions rather than optimistic growth forecasts. Analysts remain cautious about the feasibility of these targets, citing economic conditions and credit loss provisions as key factors. [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:192569845
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