December 8, 2011 / 1:28 PM / in 6 years

UPDATE 1-National Bank of Canada Q4 profit rises

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Dec 8 (Reuters) - National Bank of Canada’s quarterly profit rose as it earned more from loans and grew its wealth management revenue .

National, Canada’s sixth-biggest bank, posted August-October net income of C$294 million, or C$1.74 a share, compared with a year-before profit of C$287 million, or C$1.66 a share.

Revenue rose 9 percent to C$1.19 billion.

Net income from the wealth management segment rose 13 percent at C$35 million for the quarter.

The Montreal-based bank raised its quarterly dividend by 6 percent to 75 Canadian cents per share. (Reporting by Maneesha Tiwari in Bangalore)

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