May 28, 2009 / 11:28 AM / 9 years ago

UPDATE 1-National Bank of Canada profit jumps 46 percent

* Q2 EPS C$1.41 vs year-ago EPS C$1.00

* Return on equity 18.5 percent

(Adds details)

TORONTO, May 28 (Reuters) - National Bank of Canada (NA.TO) said on Thursday its second-quarter profit jumped 46 percent helped by a strong performance from its financial markets division.

Canada’s sixth-largest bank by market value earned C$241 million ($215.9 million), or C$1.41 a share, for the second quarter ended April 30. That compared with a net income of C$165 million, or C$1.00 a share, a year earlier.

Excluding items, the bank earned C$261 million, or C$1.53 during the quarter, up from C$229 million, or C$1.41 for the same time a year ago.

Analysts had expected a profit of C$1.21 a share, according to Reuters Estimates.

Return on equity was 18.5 percent. ($1=$1.12 Canadian) (Reporting by Scott Anderson; Editing by Derek Caney)

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