News Releases

BMO's Belski: Bullseye for 2012 S&P 500

- BMO's Chief Investment Strategist one of few with 1,425 S&P 500 target that was not revised

- Releases new market outlook report, providing targets and insight for 2013

NEW YORK, NEW YORK--(Marketwire - Jan. 11, 2013) - Brian Belski, Chief Investment Strategist at BMO Capital Markets, forecasted an S&P 500 2012 year-end target of 1,425. With the index closing at 1,426, Mr. Belski was on the mark and one of the few strategists with an unrevised target from an initial forecast.

Mr. Belski, an industry veteran and top-rated analyst, provides his outlook for the year ahead:

S&P 500 price target of 1,575 in 2013
EPS forecasts for year-end 2013: $106.25
US stocks to deliver another positive performance in 2013
Earnings growth below historical averages, but will be of higher quality and more consistent
Domestic recovery will help offset volatility from other regions in the world

For further information:

To receive a copy of Mr. Belski's 2013 Market Outlook report
or to arrange for an interview, please contact:
Martha McInnis, New York
(212) 702-1992
Martha.mcinnis@bmo.com

Alexis Brown, Toronto
(416) 867-3996
alexis.brown@bmo.com