National Bank of Canada profit rises on strong wealth management business

(Reuters) – National Bank of Canada (OTC:NTIOF) reported a rise in fourth-quarter profit on Wednesday, helped by strong performance in its wealth management unit.

The bank’s adjusted profit rose to C$928 million ($659.93 million), or C$2.58 per share, for the three months ended Oct. 31, from C$850 million, or C$2.39 per share, a year earlier.

($1 = 1.4062 Canadian dollars)