12:51 PM EDT, 05/29/2025 (MT Newswires) -- National Bank's second-quarter operating EPS of $2.85 beat BMO/consensus estimates of $2.44/$2.39.

"The beat to us was primarily driven by Financial Markets (record trading revenue), U.S. Specialty & Finance (primarily driven by ABA), and Wealth Management (higher fee revenue); Personal & Commercial missed (lower-than-expected contribution from CWB)," notes BMO analyst Sohrab Movahedi.

Maintain Outperform rating, $138 target.

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