Bank of Montreal (BMO) is targeting market share growth in
Canada and is eying to continue the growth in North America, the
chief executive of the bank, Bill Downe, said.
Downe said: “With 2010 revenues up 10 per cent and record net
income for the year, P&C Canada is a market leader and a
pacesetter for our entire enterprise. With BMO’s P&C Canada
business now so well positioned, expanding our home market to
include the central US.is a natural next step.”
Go deeper with GlobalData
Canada-based BMO bought US-based Marshall & Illsley
Corporation last year and is seeking to accelerate its business in
the market.
Downe said that the bank is targeting $1bn in annual earnings
from its P&C and wealth management services in the US in the
medium-term.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
