National Bank Q4 profit up 8 from last year to 566 million

first_imgMONTREAL — National Bank of Canada had $566 million of net income in its fourth quarter, up eight per cent from the same period last year as each of its three main business units improved earnings.The Montreal-based bank says the profit amounted to $1.52 per share on a diluted basis and $1.53 per share after adjustments.Analysts had estimated $1.52 per share of net income and $1.52 per share of adjusted earnings, according to Thomson Reuters Eikon.Revenue for the three months ended Oct. 31 was $1.87 billion, slightly above analyst estimates.During the same period of fiscal 2017, National Bank had $525 million of net income or $1.39 per share and $1.76 billion of revenue.The bank says its quarterly dividend will rise three cents to 65 cents per common share, payable Feb. 1. Companies in this story: (TSX:NA)The Canadian Presslast_img

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