National Bank’s Earnings Fall Short on Capital-Markets Miss (2)

National Bank of Canada’s earnings came up just short of estimates as its capital-markets business failed to match analysts’ forecasts for a unit that’s benefited from market volatility around this year’s tariff chaos. The company’s shares slipped.

The Montreal-based lender earned C$2.68 a share on an adjusted basis in its fiscal third quarter, according to a statement Wednesday, missing the C$2.70 average estimate of analysts in a Bloomberg survey. Net income at the firm’s financial-markets unit totaled C$334 million ($241 million) for the three months through July, less than the C$365 million average forecast of four analysts in a ...