<\/p>\n
Adjusted earnings beat expectations despite higher credit loss provisions.<\/p>\n
National Bank of Canada reported a second-quarter profit of $896 million, down slightly from $906 million a year earlier.<\/p>\n
The Montreal-based bank says the profit amounted to $2.17 per diluted share for the quarter ended April 30, compared with $2.54 per diluted share a year ago.<\/p>\n
Revenue for the quarter totalled $3.65 billion, compared with $2.75 billion in the same quarter last year.<\/p>\n
National Bank\u2019s provisions for credit losses in the quarter amounted to $545 million, up from $138 million.<\/p>\n
The bank says its adjusted profit, which excludes items related to its recent acquisition of Canadian Western Bank, amounted to $2.85 per diluted share, up from an adjusted profit of $2.54 per diluted share a year ago.<\/p>\n
Analysts on average had expected an adjusted profit of $2.40 per share, according to LSEG Data & Analytics.<\/p>\n
National Bank\u2019s wealth management division reported a net income of $232 million for the quarter, a 13% increase from the second quarter of 2024. Total revenues were $791 million, up 16% from the previous year, mainly driven by growth in fee-based revenues, net interest income and the inclusion of CWB revenues.<\/p>\n
The bank had $825.5 billion in assets under administration and $170.5 billion on assets under management as of March 30, 2025, up from $766 billion and $155.9 billion respectively at the same time last year.<\/p>\n
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Adjusted earnings beat expectations despite higher credit loss provisions. National Bank of Canada reported a second-quarter profit of $896 million, down slightly from $906 million a year earlier. The Montreal-based bank says the profit amounted to $2.17 per diluted share for the quarter ended April 30, compared with $2.54 per diluted share a year ago. […]<\/p>\n","protected":false},"author":1,"featured_media":4175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/06\/National-Bank-of-Canada-1-750x445.webp",750,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/06\/National-Bank-of-Canada-1-463x348.webp",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/06\/National-Bank-of-Canada-1-300x200.webp",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/06\/National-Bank-of-Canada-1.webp",750,500,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=4174"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4174\/revisions"}],"predecessor-version":[{"id":4176,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4174\/revisions\/4176"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/4175"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=4174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=4174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=4174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}