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National Bank reports strong third-quarter earnings, continuing growth streak for Quebec real GDP

Aug 29, 2019 - The Globe and Mail (Canada)
Financial Results

Quebec's economy is on a roll and the National Bank of Canada took advantage of rosy conditions in the third quarter, reporting a 7-per-cent rise in profit driven by strong personal and commercial banking results.

Total bank profits reached $608-million, outpacing analysts' expectations, while earnings from retail banking rose 11 per cent to $277-million. The bank's financial-markets arm also posted record returns from trading, making the most of volatile market conditions.

The Montr...