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National Bank of Canada Announces 15% Rise In Q4 Profit

National Bank of Canada (NA.TO) reported a profit for its fourth quarter that rose from last year.

The company said its bottom line climbed to C$531 million, or C$1.40 per share. This was higher than C$463 million, or C$1.24 per share, in last year's fourth quarter.

Analysts had expected the company to earn C$1.38 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.3% to C$1.70 billion. This was up from C$1.57 billion last year.

National Bank of Canada earnings at a glance:

-Earnings (Q4): C$531 Mln. vs. C$463 Mln. last year.
-Earnings Growth (Y-o-Y): 14.7%
-EPS (Q4): C$1.40 vs. C$1.24 last year.
-EPS Growth (Y-o-Y): 12.9%
-Analysts Estimate: C$1.38
-Revenue (Q4): C$1.70 Bln vs. C$1.57 Bln last year.
-Revenue Change (Y-o-Y): 8.3%

by RTTNews Staff Writer

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