National Bank reports Q4 profit up from year ago, raises quarterly dividend
By The Canadian Press on December 1, 2023.
MONTREAL – National Bank of Canada reported its fourth-quarter profit rose compared with a year ago and raised its dividend. The bank says it will now make a quarterly payment to shareholders of $1.06 per share, up from $1.02. National Bank says it earned $768 million or $2.14 per diluted share for the quarter ended Oct. 31, up from $738 million or $2.08 per diluted share a year earlier. Revenue totalled $2.59 billion for the quarter, up from $2.33 billion in the same quarter last year. National Bank’s provision for credit losses amounted to $115 million, up from $87 million in the fourth quarter of 2022. On an adjusted basis, National Bank says it earned $2.44 per diluted share, up from an adjusted profit of $2.08 per diluted share in the same quarter last year. This report by The Canadian Press was first published Dec. 1, 2023. Companies in this story: (TSX: NA) 9-8
