National Bank Beats Earnings Estimates Across Three Key Business Lines

National Bank of Canada posted stronger-than-expected earnings in its main business lines during the third quarter, outperforming analysts' estimates. The Montreal-based bank's capital markets unit saw a significant increase in net income, rising by 32% year-over-year to $442 million.

Chief Executive Officer Laurent Ferreira attributed this performance to Canada's resilience and economic retooling, which have created opportunities for growth despite trade and geopolitical uncertainty.

The bank's personal and commercial banking unit also reported a 14% increase in net income, reaching $421 million. In wealth management, the figure was $296 million, surpassing analysts' forecasts.

Provisions for potentially bad loans totaled C$246 million, slightly higher than expected, while overall net income reached $1.36 billion, exceeding estimates of $1.24 billion.