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National Bank of Canada profit climbs 13%

Reuters
5:07 PM, E.T. | August 30, 2012
Financials

Tags: National Bank of Canada

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National Bank of Canada (NA-T), the country's No. 6 bank, said on Thursday its third-quarter profit rose 13 percent, driven by steady gains in loan volumes and trading revenues.

The Montreal-based lender earned $379 million, or $2.14 a share, in the fiscal third quarter ended July 31. That compared with a year-before profit of $336 million, or $1.87 a share.

Excluding items, the bank earned $1.98 a share. Analysts had expected a profit of $1.90 a share, according to Thomson Reuters I/B/E/S.

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