Wealth management profit was C$84 million, up from C$70 million in the year-earlier period, while the lender's investment banking business had profit of C$193 million, up from C$122 million a year ago, on a 26 percent surge in underwriting and advisory fees and a 41 percent increase in trading.
National said personal and commercial banking profit rose 7 percent to C$168 million on higher revenue from lending and credit cards. The lender's Financial Markets business, which includes investment banking, rose 57 percent to C$124 million, on higher underwriting and advisory fees and trading revenues. Wealth management earnings fell 10 percent to C$45 million.
The Montreal-based lender increased its quarterly dividend to 83 cents a share.
