BRIEF-BMO CEO sees improving Canadian loan margins, strong U.S. lending

Tue Jan 8, 2013 10:06am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TORONTO Jan 8 (Reuters) - Bank of Montreal : * CEO Downe sees margin pressure on loans to begin to abate in first half of

2013 * BMO CEO Downe says another large U.S. acquisition unlikely, but could seek

bolt-on acquisitions in both p&c bank and wealth management * On wealth management, Downe says bank needs to take a broader focus, could

perhaps seek international acquisitions beyond U.S. * BMO CEO Downe says expects U.S. loan book to start showing positive growth in

second half of 2013 * BMO CEO Downe says sees strong spring U.S. housing sales, says revival should

be surprising