BMO Looks to Revamped US Business for Next Phase of Growth

Bank of Montreal Chief Executive Officer Darryl White is counting on a rebound in its US business and productivity gains to power its next stage of growth and lift returns.

White said the US division — which accounts for more than 40% of earnings, but has underperformed in recent years despite its marquee acquisition of California-based Bank of the West in 2023 — is now poised to boost the bank’s overall results after a shift in strategy in the world’s largest banking market.