National Bank of Canada's profit rises on wealth management unit strength-March 2024-www.financetom.com

National Bank of Canada's profit rises on wealth management unit strength

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National Bank of Canada's profit rises on wealth management unit strength

May 29, 2024 4:01 AM

May 29 (Reuters) - National Bank of Canada ( NTIOF )

reported a rise in second-quarter net profit on Wednesday,

helped by strong performance in its wealth management unit.

Profit rose to C$906 million ($662.9 million), or C$2.54 per

share, for the three months ended April 30, from C$832 million,

or C$2.34 per share, a year earlier.

($1 = 1.3667 Canadian dollars)

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