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Tuesday, January 8, 2013

BRIEF-BMO CEO sees improving Canadian loan margins, strong U.S. lending, (NYSE: BMO), (TSE: BMO.TO)

Bank of Montreal : * CEO Downe sees margin pressure on loans to begin to abate in first half of 2013 * BMO CEO Downe says another large U.S. acquisition unlikely, but could seekbolt-on acquisitions in both p&c bank and wealth management * On wealth management, Downe says bank needs to take a broader focus, couldperhaps seek international acquisitions beyond U.S. * BMO CEO Downe says expects U.S. loan book to start showing positive growth insecond half of 2013 * BMO CEO Downe says sees strong spring U.S. housing sales, says revival should

Bank of Montreal (BMO Financial Group) is a diversified financial services provider that provides a range of retail banking, wealth management and investment banking products and services. Shares of BMO fell by 0.57% or $-0.36/share to $62.28. In the past year, the shares have traded as low as $50.95 and as high as $62.74. On average, 436157 shares of BMO exchange hands on a given day and today's volume is recorded at 47130.

Shares of BMO fell by 0.45% or $-0.28/share to $61.49. In the past year, the shares have traded as low as $53.15 and as high as $61.86. On average, 1198950 shares of BMO.TO exchange hands on a given day and today's volume is recorded at 176930.



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