Immigration and trade policies cloud next year’s outlook, RBC CEO says as two major banks report Q4 earnings – The Globe and Mail + MORE Dec 4th

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National Bank of Canada reports Q4 profit up from year ago, raises quarterly dividend

National Bank of Canada (NA /TSX) raised its dividend as it reported its fourth-quarter profit rose compared with a year ago.

The Montreal-based bank said Wednesday it will now pay a quarterly dividend of $1.14 per share, up from $1.10 per share. And National Bank says it earned $955 million or $2.66 per diluted share for the quarter ended Oct. 31, up from a profit of $751 million or $2.09 per diluted share in the same quarter last year.

Revenue for the quarter totalled $2.94 billion, up from $2.56 billion a year earlier, while the bank’s provision for credit losses amounted to $162 million, up from $115 million a year ago.

On an adjusted basis, National Bank says it earned $2.58 per diluted share in its latest quarter, up from an adjusted profit of $2.39 per diluted share in the same quarter last year. The average analyst estimate had been for an adjusted profit of $2.57 per share, according to data provided by LSEG Data & Analytics…

Immigration and trade policies cloud next year’s outlook, RBC CEO says as two major banks report Q4 earnings  The Globe and MailRBC reports Q4 profit rose to $4.2B despite softening Canadian economy  BNN BloombergRoyal Bank of Canada reports $4.22-billion Q4 profit, raises quarterly dividend  CityNews VancouverRBC chief Dave McKay ‘cautiously optimistic’ Canada can dodge tariff trouble  Financial PostTaylor Swift concert sponsorship helps RBC add 600K clients in Q4, CEO says  Global News Toronto