National Bank of Canada’s profit rises on wealth management, markets strength

By Jerry  Published On May 29, 2024
May 29 (Reuters) – National Bank of Canada (NA.TO), opens new tab reported a rise in second-quarter net profit on Wednesday, helped by strong performance in its wealth management and financial markets units.
Easing fears of a recession have encouraged investors to venture back into stocks and other fixed-income products, boosting wealth management units and trading desks of lenders.
Profit at the bank’s wealth management unit rose 15% in the second quarter to C$205 million.
Source: REUTER

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