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

(Reuters) – National Bank of Canada reported a higher third-quarter profit on Wednesday, helped by strong performance in its wealth management and financial markets units.

The bank’s adjusted profit rose to C$960 million ($713.12 million), or C$2.68 per share, for the three months ended July 31, from C$781 million, or C$2.18 per share, a year earlier.

($1 = 1.3462 Canadian dollars)

(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shinjini Ganguli)