MONTREAL (AP) — MONTREAL (AP) — National Bank of Canada (NTIOF) on Wednesday reported fiscal first-quarter profit of $701.6 million.
The Montreal-based bank said it had earnings of $1.96 per share. Earnings, adjusted for non-recurring costs, came to $2.06 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.
The bank posted revenue of $5.11 billion in the period. Its revenue net of interest expense was $2.24 billion, also beating Street forecasts.
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