National Bank is increasing its quarterly dividend by six cents to $1.24 per common share for the quarter ending Jan. 31, 2026. Photo by THE CANADIAN PRESS/Paul Chiasson

National Bank of Canada on Wednesday reported higher fourth-quarter profits in its capital markets and wealth management business streams to top analysts’ earnings expectations.

Its net income for the three months ending Oct. 31 was $1.06 billion, up 11 per cent from the same period a year ago, resulting in net earnings per share of $2.57.

Its adjusted net income — which removes the impact of non-recurring items — was $1.16 billion, up 25 per cent from $928 million last year, resulting in adjusted earnings per share of $2.82, which topped analysts’ expectations of about $2.62 per share.

National Bank also said it’s

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