Dec 6 National Bank of Canada's
fourth-quarter profit rose 20 percent, driven by a sharp jump in
markets-related revenue, and the bank raised its dividend by 5
National, Canada's sixth-largest bank, said on Thursday it
earned C$351 million ($353.49 million), or C$1.97 a share, in
the fiscal fourth quarter ended Oct. 31. That was up from C$292
million, or C$1.62 a share, in the same quarter a year ago.
Excluding items, the bank earned C$1.93 a share, matching
expectations of analysts, according to Thomson Reuters I/B/E/S.
The bank raised its dividend to 83 Canadian cents per share
from 79 Canadian cents per share.