National Bank of Canada posts lower profit on higher provisions
May 31 (Reuters) -National Bank of Canada NA.TO reported a fall in second-quarter profit on Wednesday as a shaky economy and a meltdown in the U.S. banking sector prompted the lender to set aside higher provisions.
Net income for the three months ended April 30 came in at C$847 million ($633.41 million) or C$2.38 a share, compared to C$889 million or C$2.53 a year ago.
($1 = 1.3372 Canadian dollars)
Reporting by Mehnaz Yasmin in Bengaluru; Editing by Pooja Desai
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