Canada Markets closed

Stocks in play: National Bank

Baystreet.ca

Is reporting fourth-quarter net income of $604 million, a 7% increase from $566 million in the fourth quarter of 2018. Fourth-quarter diluted earnings per share stood at $1.67, up 10% from $1.52 in the same quarter of 2018. These increases were driven by net income growth across all the business segments. For fiscal 2019, the Bank's net income totaled $2,322 million, up $90 million or 4% from $2,232 million in fiscal 2018. Its diluted earnings per share for fiscal 2019 stood at $6.34 versus $5.94 in 2018, a 7% increase owing essentially to growth across most of the business segments, tempered by a slowdown in the Financial Markets segment during the first six months of 2019. National Bank shares T.NA are trading up $1.05 at $71.90.

Read: Two of the Biggest Reasons to Invest in CBD Now