Sometimes one person's disaster is another's opportunity. Bank of Montreal (NYSE:BMO), one of Canada's "Big Six", had best hope that proves true in regards to its U.S. expansion efforts. While the CEOs of major U.S. banks like U.S. Bancorp (NYSE:USB), Wells Fargo (NYSE:WFC) and Bank of America (NYSE:BAC) hunker down and talk about a sluggish multi-year recovery, several Canadian banks are looking at expansion into the U.S. as a cornerstone of their growth strategies.
A Solid Third Quarter
Whenever there are worries about macro-level growth, bank investors get nervous. Bank of Montreal's fiscal third quarter results may add a little calm to the sector, though, as they were a bit better than analysts expected.
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http://stocks.investopedia.com/stock-analysis/2011/Is-The-U.S.-Going-To-Goose-BMOs-Growth-BMO-RBC-PNC-HBC-USB0824.aspx
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