National Bank of Canada reported a rise in fourth-quarter profit on Friday, as a strong performance at its capital markets unit helped offset the hit from bigger provisions.

The bank's adjusted net income rose to C$867 million ($641.13 million), or C$2.44 per share, for the three months ended Oct. 31, from C$738 million, or C$2.08 per share, a year earlier.


($1 = 1.3523 Canadian dollars) (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar)