May 29, 2024 10:48 GMT
National Bank of Canada (NACN: A3 pos/BBB+/A+): 2Q24 Results
CREDIT RESEARCH
Solid results driven by all 4 business segments. Net Income $906m was up 9% yoy.
- CET1 13.2% up 10bps from 1Q24
- Loan Loss provision $138m up from $85m yoy
- ROE 16.9%
- Net Revenue $2,837m +2.4% ahead of consensus
38 words