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Aug 30 - National Bank of Canada on Wednesday reported quarterly earnings below analysts' expectations hurt by weakness in its capital markets business and higher bad loan provisions.
The Montreal-based bank recorded C$111 million in provisions for credit losses versus C$57 million a year earlier. That unit recorded a 27% slide in net income hurt by lower trading activity and"exceptionally" low market volatility, National Bank said.
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National Bank of Canada’s profit falls on bigger loan-loss provisionsThe bank’s adjusted profit for the three months ended July 31 was $790-million, or $2.21 per share, compared with $826-million, or $2.35 per share, a year earlier
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