National Bank of Canada's profit rises 3 pct

Fri Dec 5, 2014 7:34am EST
 
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Dec 5 (Reuters) - National Bank of Canada, the country's sixth-largest lender, reported a 3 percent rise in fourth-quarter profit, helped by strong earnings from its wealth management and financial markets businesses.

The Montreal-based bank's profit rose to C$330 million ($290 million), or 91 Canadian cents per share, in the quarter ended Oct. 31 from C$320 million, or 90 Canadian cents, a year earlier.

Excluding special items, the bank earned C$1.14 per share, matching the average analyst estimate, according to Thomson Reuters I/B/E/S. ($1 = 1.1398 Canadian dollars) (Reporting by Jeffrey Hodgson in Toronto and Ashutosh Pandey in Bengaluru; Editing by Don Sebastian)