National Bank of Canada Profit Rises on Wealth Management
National Bank of Canada reported a second-quarter profit of C$1.30 billion. Growth in wealth management helped earnings rise from C$1.17 billion a year ago.
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NATIONAL BANK OF CANADA reported an adjusted profit of C$1.30B for the quarter ended April 30, up from C$1.17B last year. Earnings per share rose to C$3.23, compared with C$2.85 in the same period a year ago. Wealth management performance drove the 11% profit increase as National Bank of Canada outperformed its previous annual results.
