National Bank of Canada (TSE:NA) has released an update.
National Bank of Canada reports a strong financial performance with a 9% increase in net income for the second quarter of 2024, reaching $906 million, and a net income of $1,828 million for the first half of the year, up 7% from the previous year. The growth is attributed to revenue increases across all business segments, despite higher non-interest expenses and credit loss provisions. President and CEO Laurent Ferreira highlights the bank’s disciplined strategy and commitment to generating long-term shareholder value amidst an uncertain economic landscape.
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