(Updates with Jefferies comments from fifth paragraph.)
National Bank of Canada (NA.TO) reported Q3 adjusted diluted earnings of C$3.39 per share, up from C$2.68 a year earlier and above the C$3.21 consensus estimate compiled by FactSet.
Adjusted net income rose 23% year over year to C$1.36 billion.
Adjusted revenue for the three months ended July 31 increased to C$4.05 billion from C$3.45 billion. The consensus on FactSet was for C$3.87 billion.
"Despite trade and geopolitical uncertainty, Canada's resilience and the retooling of its economy are creating opportunities for growth," said CEO Laurent Ferreira. "We remain focused on supporting our clients and advancing the country's economic priorities to create long-term value for all our stakeholders."
Jefferies, which has a hold rating on the lender and a C$208 price target, said the results were "another solid beat" supported by its domestic retail banking business, including strong loan growth.
Capital markets activity moderated from an exceptionally strong second quarter, while credit-related weakness at Credigy, the company's specialty finance segment, reduced its contribution to well below its typical run rate, Jefferies analysts including John Aiken said in a note.
National Bank also declared a dividend of C$1.32 per common share, payable on Nov. 1 to shareholders of record on Sept. 28.