National Bank of Canada (TSE:NA) reported stronger second-quarter adjusted earnings as revenue growth, active client demand and credit performance helped offset macroeconomic uncertainty, management said on the bank’s earnings call.
President and CEO Laurent Ferreira said the bank delivered adjusted earnings per share of CAD 3.23, up 13% from a year earlier, and generated a return on equity of 16.8%. The bank’s common equity tier 1 ratio stood at 13.54% at quarter-end.
