National Bank records higher second-quarter profit, raises dividend
National Bank of Canada reported a significant increase in its second-quarter profit, reaching $1.23 billion compared to $896 million the previous year. The bank also announced an increase in its quarterly dividend to $1.32 per share, reflecting a rise of 8 cents. Revenue for the quarter was $3.91 billion, showing growth from $3.65 billion in the same period last year.
- ▪National Bank of Canada reported a second-quarter profit of $1.23 billion.
- ▪The quarterly dividend has been raised to $1.32 per share.
- ▪Revenue for the quarter totaled $3.91 billion, up from $3.65 billion last year.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountNational Bank of Canada NA-T reported a second-quarter profit of $1.23-billion, up from $896-million a year ago, and raised its dividend.The Montreal-based bank says it will now pay a quarterly dividend of $1.32 per share, an increase of 8 cents per share.National Bank says its second-quarter profit amounted to $3.06 per diluted share for the quarter ended April 30 compared with $2.17 per diluted share a year ago.Revenue for the quarter totalled $3.91-billion, up from $3.65-billion in the same quarter last year, while the bank’s provision for credit losses amounted to $233-million, down from $545-million a year ago.On an adjusted basis, National Bank says it earned $3.23 per diluted share in its latest…
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