National Bank of Canada (NA.TO)
- Simply Wall St.
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- Bloomberg
National Bank Shares Rise Most in Four Years on Profit Beat
(Bloomberg) -- National Bank of Canada shares rose the most in more than four years to a record high after all of its business segments topped analysts’ profit expectations. Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past About Living With CarsChicago Overcomes DNC Skeptics With Calm, Parties and SunThe stock clo
- Reuters
National Bank of Canada's profit rises on wealth management, markets strength
National Bank of Canada reported a higher third-quarter profit on Wednesday, helped by strong performance in its wealth management and financial markets units. The Canadian central bank's interest rate cuts for two straight months, in June and July, have boosted trading and wealth management activities for the country's lenders. National Bank of Canada's upbeat results come in contrast to rival Bank of Montreal, which reported a drop in quarterly adjusted profit on higher loan loss provisions.
