National Bank of Canada reported strong fourth-quarter results on Wednesday.

National Bank of Canada NA-T reported a jump in fourth-quarter profit that topped analysts’ estimates on a spike in capital markets and wealth management earnings, even as the lender booked costs related its acquisition of Canadian Western Bank.

National Bank’s profit rose 11 per cent to $1.1-billion, or $2.57 per share, from a year prior in the three months ended Oct. 31.

Adjusted to exclude certain items, including acquisition and integration charges related to the lender’s takeover of CWB, the bank said it earned $2.82 per share. That edged out the $2.62 per share analysts expected, according to S&P Capital IQ.

“In 2025, we delivered strong financial performance – meeting all our medium-term financial obj

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