National Bank of Canada T.NA.PR.C

Primary Symbol: T.NA Alternate Symbol(s): NTIOF | T.NA.PR.S | NBCDF | T.NA.PR.W | NBKCF | T.NA.PR.E | T.NA.PR.G | T.NA.R

Financial Services

National Bank of Canada (the Bank) operates as an integrated financial group. The Bank operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International (USSF&I). Its Personal and Commercial segment includes banking, financing, and investing services offered to individuals, advisors, and businesses, as well as insurance operations. Its Wealth Management segment includes investment solutions, trust services, banking services, lending services, and other wealth management solutions offered through internal and third-party distribution networks. Its Financial Markets segment includes corporate banking and investment banking and financial solutions for large and mid-size corporations, public sector organizations, and institutional investors. Its USSF&I segment includes the specialty finance services provided by its subsidiaries, Credigy Ltd. and Advanced Bank of Asia Limited.

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National Bank of Canada > National Bank reports its results

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Post by Betteryear2on May 31, 2023 8:44am

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National Bank reports its results

MONTREAL, May 31, 2023 /CNW/ - For the second quarter of 2023, National Bank is reporting net income of $847 million, down 5% from $889 million in the second quarter of 2022. Second-quarter diluted earnings per share stood at $2.38 compared to $2.53 in the second quarter of 2022. Revenue growth across the business segments was offset by higher non-interest expenses and higher provisions for credit losses.

National Bank reports its results for the Second Quarter of 2023 and raises its quarterly dividend by 5 cents to $1.02 per share (newswire.ca)

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