BMO says it's finishing US reset, set to resume loan growth

Key insights: Canadian lender BMO Financial Group reported a $1.82 billion profit for the first quarter of its 2026 fiscal year. What's at stake: The solid bottom-line result pushed BMO closer to reaching its twin profitability targets, a 15% return on assets for company-wide operations and a 12% ROA for its U.S. banking operations. Expert quote: "With the U.S. economy expected to outpace Canada for a fourth straight year … we're well-positioned to capture growth opportunities as business activity expand ...