00:55:02 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



National Bank of Canada
Symbol NA
Shares Issued 327,892,482
Close 2014-08-27 C$ 50.91
Market Cap C$ 16,693,006,259
Recent Sedar Documents

Globe says National Bank soars on decent Q3 showing

2014-08-28 06:48 ET - In the News

The Globe and Mail reports in its Thursday edition that National Bank of Canada posted good third quarter growth across all of its core units. The Globe's Tim Kiladze writes that investors endorsed the good showing by knocking the bank's shares up $1.51 to close in Toronto Wednesday at $50.91. Mr. Kiladze says the boost to National Bank's shares proves investors are still happy to invest in banks, so long as lenders can prove they will deliver consistent growth. Much like its peers that have reported earnings, National Bank benefited from surging capital markets revenues, which popped 21 per cent compared with the prior year. Underwriting fees and advisory mandates led the charge, and stellar fixed-income trading revenues, up 29 per cent over the previous year, also helped in a big way. Hot markets have also helped boost wealth management earnings across Bay Street, because the banks earn more money on their assets under management. National Bank's wealth management profit climbed 36 per cent compared with the previous year. Credit card revenues were up a healthy 10 per cent from the prior year. National Bank's annual personal and commercial banking growth amounted to 6 per cent.

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