National Bank of Canada reports increased profits driven by robust performance in its wealth management business

National Bank of Canada (OTC:NTIOF) announced an increase in fourth-quarter profit on Wednesday, supported by robust growth in its wealth management division.

For the three months ending October 31, the bank’s adjusted profit climbed to C$928 million ($659.93 million), or C$2.58 per share, compared to C$850 million, or C$2.39 per share, during the same period last year.

(Exchange rate: $1 = 1.4062 Canadian dollars).