29.05.2024 12:53:48 - dpa-AFX: National Bank Of Canada Q2 Earnings Grow
OTTAWA (dpa-AFX) - National Bank of Canada (NA.TO) Wednesday reported net
income of C$906 million or C$2.54 per share for the second quarter, higher than
C$832 million or C$2.34 per share in the same quarter a year ago, primarily
helped by growth in revenue in all segments.
Net interest income declined to C$635 million from C$882 million last year,
while non interest income rose to C$2.115 billion from C$1.564 billion.
Revenue for the quarter grew to C$2.750 billion from C$2.446 billion in the
previous year.
Analysts on average, polled by Thomson-Reuters expected earnings of C$2.45 per
share on revenue of C$2.79 billion for the quarter. Analysts' estimates
typically exclude special items.
On May 28, the company's Board declared a dividend of C$1.10 per share, up 4
cents or 4 percent, payable on August 1, to shareholders of record on June 24.
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