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BMO (Bank of Montreal)
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- 1BMO says US business will hit 12% return target by 2027▼Why BMO has regained confidence in its US strategy The bank expects to deliver on its U.S. return on equity target of 12
Bank of Montreal says its US operations are back on track, with the bank expressing renewed confidence in its American strategy. BMO expects to deliver a US return on equity of 12% by October 31, 2027, a target it had struggled to reach after its acquisition of Bank of the West expanded its footprint south of the border. Coverage in banking circles frames the statement as a sign the integration and profitability push is finally bearing fruit.