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Company News

National Bank of Canada quarterly profit rises 10.5%

Feb 27 (Reuters) - National Bank of Canada on Thursday reported a 10.5% rise in quarterly profit, helped by growth in its financial markets and wealth management units.

Net income rose to C$610 million ($459.13 million), or C$1.67 per share, in the first quarter ended Jan. 31, from C$552 million, or C$1.50 per share, a year earlier.

$1 = 1.3286 Canadian dollars Reporting by C Nivedita in Bengaluru; Editing by Devika Syamnath

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