TORONTO May 31 National Bank of Canada
on Wednesday reported second quarter results which were ahead of
market expectations, helped by a strong performance from its
wealth management division.
Canada's sixth biggest lender reported earnings per share of
C$1.28 per share, compared with C$0.52 in the same quarter a
year ago. The previous year's performance was affected by
write-offs on bad loans to clients in the energy sector.
Analysts on average had expected earnings per share of
C$1.26, according to Thomson Reuters I/B/E/S data.
(Reporting by Matt Scuffham; Editing by Chizu Nomiyama)