October 24, 2018 / 12:39 PM / a month ago

Bank of Montreal targets increased U.S. earnings contribution

FILE PHOTO: A Bank of Montreal (BMO) sign is seen outside of a branch in Ottawa, Ontario, Canada, August 23, 2016. REUTERS/Chris Wattie/File Photo

TORONTO (Reuters) - Bank of Montreal (BMO.TO) expects its business in the United States to account for one-third of its overall earnings in five years time from 28 percent at present, Chief Executive Officer Darryl White told investors on Wednesday.

White also said that the bank was continuing to target earnings per share growth of 7 to 10 percent in the medium term.

Reporting by Matt Scuffham

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