Bloomberg -- NationalBank of Canada, the countrys sixth-largest lender, reported quarterly profit that beat analysts estimates on gains in earnings from trading and wealth management.
Net income for the period ended July 31 climbed 11 percent to C$419 million ($399 million), or C$2.39 a share, from C$379 million, or C$2.14, a year earlier, the Montreal-based lender said today in a statement. Profit excluding some items was a record C$2.22 a share, the firm said, topping the C$2.06 average estimate of 12 analysts surveyed by Bloomberg.
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