National Bank of Canada: Fiscal Q1 Earnings Snapshot
MONTREAL (AP) — MONTREAL (AP) — National Bank of Canada (NTIOF) on Wednesday reported fiscal first-quarter net income of $904.1 million.
The bank, based in Montreal, said it had earnings of $2.22 per share. Earnings, adjusted for non-recurring costs, were $2.34 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.
The bank posted revenue of $5.73 billion in the period. Its revenue net of interest expense was $2.81 billion, also topping Street forecasts.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NTIOF at https://www.zacks.com/ap/NTIOF