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2 months ago
National Bank of Canada's earnings beat market expectations
May 31, 2017 / 11:23 AM / 2 months ago

National Bank of Canada's earnings beat market expectations

1 Min Read

TORONTO, May 31 (Reuters) - National Bank of Canada on Wednesday reported second quarter results which were ahead of market expectations, helped by a strong performance from its wealth management division.

Canada's sixth biggest lender reported earnings per share of C$1.28 per share, compared with C$0.52 in the same quarter a year ago. The previous year's performance was affected by write-offs on bad loans to clients in the energy sector.

Analysts on average had expected earnings per share of C$1.26, according to Thomson Reuters I/B/E/S data. (Reporting by Matt Scuffham; Editing by Chizu Nomiyama)

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