10:56 AM EDT, 03/26/2026 (MT Newswires) -- Bank of Montreal ( NRGD ) (BMO.TO, BMO) said Thursday it is targeting a return on equity of more than 15% by 2028, as it eyes growth across its wealth management and U.S. businesses, Reuters is reporting.

The bank has "a clear line of sight to 15% ROE" and is "accelerating growth across each of our businesses as we deliver on that target," CEO Darryl White said at BMO's Investor Day. "Our North American capital markets business continues to be a growth engine for us," White added.

Reuters noted the Canada-based lender reported a 12.1% first-quarter return on equity, a measure that reflects how efficiently it produces profit for its shareholders.

It also noted the comments come against a backdrop of heightened geopolitical tensions, including the Iran war, which have driven up oil prices, adding to inflation risks and clouding the global economic outlook.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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