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Photo by Ben Nelms/BloombergThe National bank of Canada beat analysts’ third-quarter earnings expectations on higher profits in its capital markets and wealth management business segments.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorNational Bank’s net income for the three months ending July 31 was $1.30 billion, up 23 per cent from $1.06 billion during the same quarter last year, resulting in net earnings per share of $3.25.Its adjusted net income — which removes the impact of non-recurring items — was $1.36 billion, compared to $1.10 billion last year, resulting in adjusted earnings per share of $3.39, which beat analysts’ expectations of about $3.21.Breaking business news, incisive views, must-reads and market signals. 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Please try again“We delivered strong earnings and revenue growth,” National Bank’s chief executive Laurent Ferreira said in a statement on Wednesday. “Despite trade and geopolitical uncertainty, Canada’s resilience and the retooling of its economy are creating opportunities for growth.”Earnings in the bank’s wealth management and capital markets segments increased by 21 per cent to $296 million and 32 per cent to $442 million respectively, while its personal and commercial business segment rose by 14 per cent to $421 million.National also announced a dividend of $1.32 per share — unchanged from the previous quarter and payable on Nov. 1.The lender’s provision for credit losses, or the amount of money that the bank kept aside to tackle loans that may potentially go bad, increased to $246 million compared to $203 million during the same quarter last year.Canada’s biggest banks are releasing their earnings results this week. Bank of Montreal and Bank of Nova Scotia reported on Tuesday, while the Royal Bank of Canada, Toronto-Dominion Bank and the Canadian Imperial Bank of Commerce will report on Thursday. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.