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National Bank of Canada
Symbol NA
Shares Issued 391,289,273
Close 2025-05-28 C$ 134.29
Market Cap C$ 52,546,236,471
Recent Sedar Documents

Globe says National's Q2 profit beats expectations

2025-05-29 07:33 ET - In the News

The Globe and Mail reports in its Thursday, May 29, edition that National Bank of Canada posted a second quarter profit of $896-million, or $2.17 per share, a 1-per-cent decrease compared with the previous year. The Globe's Stephanie Marotta writes that adjusted earnings, excluding some costs from the acquisition of Canadian Western Bank, however, were $2.85 per share, surpassing expectations of $2.40 per share. Chief executive officer Laurent Ferreira said in a statement, "In the context of continued geopolitical and geoeconomic uncertainty, our strong capital position allows us to support business growth." The bank raised its quarterly dividend by four cents to $1.18 per share. National is the fourth major Canadian bank to report earnings for the fiscal second quarter. Bank of Montreal also released results Wednesday, posting profit that beat expectations. In the quarter, National set aside $545-million in provisions for credit losses That was higher than analysts anticipated, and included $315-million against loans that are still being repaid, based on models that use economic forecasting to predict future losses. In the same quarter last year, National reserved $138-million in provisions.

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