Bank of Montreal CEO Sees U.S. Generating Third of Its Earnings
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Bank of Montreal’s businesses in the U.S. may expand to generate a third of the lender’s earnings within three to five years, underpinned by stronger economic growth in the region, Chief Executive Officer Darryl White said.
“If we continue doing the things that we’re doing organically, I could see a third of the bank coming from U.S. earnings,” White said in an interview at Bloomberg’s New York headquarters. “To get beyond that you’d have to resume the M&A agenda.”