MONTREAL—National Bank of Canada says its second-quarter net income more than doubled to $484 million. The profit amounted to $1.28 per common share, up from 52 cents per share last year or $210 million. The Montreal-based bank says all business segments showed earnings growth during the quarter ended April 30. Revenue was up 12 per cent to just under $1.6 billion. The 130 per cent improvement from last year was also the result of credit losses recorded in the second quarter of 2016.

Source: thestar May 31, 2017 11:03 UTC