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Bank of Montreal Targets Core ROE Above 15% Amid Investor Day

3/28/2026

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Summary

Story summary

Bank of Montreal aims to maintain a core ROE above 15% in the medium term, according to Darko Mihelic, an RBC analyst.
Mihelic says investor day gave segmented core ROE targets and detailed guidance amid an ROE arms race to assess whether BMO can meet or exceed its goals.
He projects 2.5% from core operating performance, 4% from pre-provision, pre-tax earnings growth, offset by 1.5% from net risk-weighted asset growth.

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Story summary

Bank of Montreal aims to maintain a core ROE above 15% in the medium term, according to Darko Mihelic, an RBC analyst.
Mihelic says investor day gave segmented core ROE targets and detailed guidance amid an ROE arms race to assess whether BMO can meet or exceed its goals.
He projects 2.5% from core operating performance, 4% from pre-provision, pre-tax earnings growth, offset by 1.5% from net risk-weighted asset growth.