Shares of National Bank of Canada NA dropped 0.38% to C$120.01 Thursday, in what proved to be an all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.79% to 25,128.24.

(Reuters) -National Bank of Canada on Wednesday set aside larger than expected reserves for bad loans, signaling challenges ahead even as strong income from dealmaking helped deliver a profit beat. Shares of Montreal-based National Bank, Canada's sixth largest bank, were down 3.7% at C$122.8 in Toronto.

The news for Canadian bank stock National Bank of Canada (TSE:NA) turned out to be a winner on several fronts. But despite improvements in both