MONTREAL (AP) — MONTREAL (AP) — National Bank of Canada (NTIOF) on Wednesday reported fiscal fourth-quarter net income of $699.3 million.
The bank, based in Montreal, said it had earnings of $1.95 per share. Earnings, adjusted for one-time gains and costs, came to $1.89 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share.
The bank posted revenue of $2.16 billion in the period. Its revenue net of interest expense was $2.19 billion, also beating Street forecasts.
For the year, the company reported profit of $2.8 billion, or $7.85 per share. Revenue was reported as $8.54 billion.
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