National Bank of Canada is reporting $518 million of net income for its third quarter, up eight per cent from last year and ahead of analyst estimates. "For the third quarter of 2017, the Bank posted excellent results owing to solid performance across all its business segments," National Bank CEO Louis Vachon said Wednesday in a statement. The profit was equal to $1.37 per common share of net income or $1.39 per share after excluding certain items. Net income at National's personal and commercial banking arm rose 21 per cent from last year to $240 million while net income from wealth management was up 31 per cent at $106 million. National Bank continues a trend that began last week when Royal Bank and CIBC began the industry's third-quarter earnings season with results that were above analyst estimates.

Source: CBC News August 30, 2017 15:33 UTC