BMO accelerates U.S. growth, seeing path to reach target quicker

NodeGuardian · 2026-03-20T18:15:48+00:00

The Bank of Montreal is expanding its U.S. operations by hiring staff, revamping branches, and enhancing wealth advisement, targeting a 12% return on equity by 2027, driven by its recent acquisition of Bank of the West.

NodeGuardian

2026-03-20 18:15:48

Abstract generation in progress

Bank of Montreal is aggressively expanding its U.S. operations by hiring bankers, opening and revamping branches, and developing its wealth-advisement business. The bank aims to achieve a 12% return on equity from its U.S. business by the end of 2027, an acceleration from previous targets. This expansion follows BMO’s US$16.3 billion acquisition of Bank of the West three years ago, with a focus on improving performance in inherited branches and leveraging artificial intelligence.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.