National Bank of Canada profit climbs 13 pct

Thu Aug 30, 2012 4:46pm EDT
 
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TORONTO (Reuters) - National Bank of Canada (NA.TO: Quote), the country's No. 6 bank, said on Thursday its third-quarter profit rose 13 percent, driven by steady gains in loan volumes and trading revenues.

The Montreal-based lender earned C$379 million, or C$2.14 a share, in the fiscal third quarter ended July 31. That compared with a year-before profit of C$336 million, or C$1.87 a share.

Excluding items, the bank earned C$1.98 a share. Analysts had expected a profit of C$1.90 a share, according to Thomson Reuters I/B/E/S.

($1=$0.99 Canadian)

(Reporting By Cameron French; Editing by Peter Galloway)