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Bank of Montreal’s M&I branch at its corporate headquarters in Milwaukee, Wis. Full-year profit from BMO’s U.S. personal and commercial banking arm topped 2012’s, but the unit’s earnings tumbled for the third straight quarter.
Bank of Montreal’s M&I branch at its corporate headquarters in Milwaukee, Wis. Full-year profit from BMO’s U.S. personal and commercial banking arm topped 2012’s, but the unit’s earnings tumbled for the third straight quarter.
(Brian Kersey For The Globe and Mail)

BMO struggles to instill confidence in U.S. arm

For a quarter that capped off a record year, Bank of Montreal’s investors sure aren’t showing much enthusiasm. By midday the bank’s shares dropped nearly 5 per cent.

Despite encouraging Canadian loan growth and solid results from wealth management, BMO can’t seem to convince investors that it is capable of churning out solid earnings growth.