National Bank Q2 2006 Earnings

TD Newcrest, 26 May 2006EventNational Bank of Canada reported a solid quarter, with core diluted EPS of $1.23 (excluding a gain on sale relating to shareholder management activities), in line with our estimate and above consensus of $1.19. EPS was down from $1.26 last quarter, but up from $1.08 in Q2/05. Wealth management operations drove the quarterly results, particularly mutual funds and