The National Bank of Canada logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019.
REUTERS/Chris Wattie/File Photo Acquire Licensing RightsDec 1 (Reuters) - National Bank of Canada (NA.TO) reported a rise in fourth-quarter profit on Friday, as a strong performance at its capital markets unit helped offset the hit from bigger provisions.
NBC's adjusted net interest income, the difference between what banks earn on loans and pay out on deposits, slumped about 35.1% to C$825 million.
Its financial markets segment, however, posted an adjusted net income of C$289 million, up 42%, driven by strength in capital markets and global markets businesses.
The bank's adjusted net income rose to C$867 million ($641.13 million), or C$2.44 per share, for the three months ended Oct. 31, from C$738 million, or C$2.08 per share, a year earlier.
Chris Wattie, Arasu Kannagi Basil, Shilpi Majumdar
National Bank of Canada, REUTERS, Thomson
Ottawa , Ontario, Canada, Montreal, Bengaluru