Net income slipped 2% year over year to $826 million as the bank set aside more cash for bad loans. Find out more.
National Bank’s adjusted diluted earnings reached $2.35 per share in the three months ending July 31. Analysts on average had been expecting $2.34 per share. Growth across all the bank’s main business lines blunted the impact of higher provisions for credit losses.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
| 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up. Please try again“The bank’s excellent results in the third quarter of fiscal 2022 were driven by strong growth in each of the business segments,” Laurent Ferreira, chief executive of National Bank, said in a“We continue to operate in an increasingly complex backdrop.
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National Bank profit dips slightly from a year agoNet income slipped 2% year over year to $826 million as the bank set aside more cash for bad loans. Find out more.
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National Bank profit dips slightly from a year agoNet income slipped 2% year over year to $826 million as the bank set aside more cash for bad loans. Find out more.
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National Bank reports third-quarter profit down from year agoThe Montreal-based bank says it earned net income of $826-million or $2.35 per diluted share for the quarter ended July 31, as it was hit by higher provisions for credit losses
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