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Tuesday, March 22, 2011

BMO aims for $1 billion in profit from U.S. ops, (TSE: BMO), (NYSE: MI)

Bank of Montreal (BMO.TO) is aiming to earn $1 billion annually from its U.S. retail banking and wealth management operations, Canada's No. 4 lender said on Tuesday. The Toronto-based bank launched a $4.1 billion bid for troubled Wisconsin lender Marshall & Ilsley (MI.N) in December in a push to expand its U.S. operations. (Reporting by Cameron French; editing by Rob Wilson)

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