National Bank Q3 profit climbs
Provisions for credit losses in the personal and commercial segment fell $17 million year-over-year, largely due to a decline in provisions on non-impaired loans. That’s a signal that borrowers, including those navigating the ongoing mortgage renewal cycle, are broadly meeting their obligations.
Capital markets and wealth management drive headline growth
While personal and commercial banking posted steady gains, the headline profit surge was led by Capital Markets, where net income jumped 32% to $442 million on 34% revenue growth driven by global markets activity.
Wealth Management net income rose 21% to $296 million on fee-based revenue growth.
For the nine-month period ended July 31, National Bank’s net income totalled $3,795 million, up 28% from $2,958 million a year earlier.
The bank cited the increased contribution from CWB, which added an extra quarter of results in 2026 versus 2025.
