National Bank of Canada Posts Strong Q3 Results Amid Trade Uncertainty
National Bank of Canada reported strong third-quarter fiscal 2026 results, driven by revenue growth across its fee-based businesses and favorable market conditions. Adjusted earnings per share rose 26% year over year to CAD 3.39.
The bank's President and CEO Laurent Ferreira emphasized the importance of deploying capital towards reindustrialization, infrastructure, defense, and energy in light of the unresolved trade conflict with the U.S., which continues to create uncertainty for Canadian businesses, investment, and consumer affordability.
Personal and commercial banking net income rose 13% from a year earlier, supported by mortgage growth, fee income, and commercial balance-sheet expansion. The bank's wealth management segment saw a 22% increase in net income due to higher fee-based income and transaction volumes.
The bank expects the personal and commercial banking margin and all-bank net interest margin to remain relatively stable in the fourth quarter.