Bank of Montreal's (BMO) 2011 acquisition of Wisconsin lender Marshall & Ilsley will yield...

|About: Bank of Montreal (BMO)|By:, SA News Editor

Bank of Montreal's (BMO) 2011 acquisition of Wisconsin lender Marshall & Ilsley will yield more cost savings than expected as the Canadian lender eyes greater expansion into the U.S. Midwest. The company reiterates its medium-term goal of $1B in profits from the U.S. - "a fivefold increase from 2010," says CEO Bill Downe.