NTIOF - National Bank Of Canada: Strong NII Expansion Protects The Almost 4% Dividend Yield
- National Bank posted very strong quarterly results, fueled by a net interest income increase.
- The EPS came in at C$2.16, which handsomely covers the C$0.71 quarterly dividend.
- The loan book remains very robust with a strong focus on residential mortgages (with an average LTV ratio of just around 60%).
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National Bank Of Canada: Strong NII Expansion Protects The Almost 4% Dividend Yield