Cormark Predicts Higher Earnings for National Bank of Canada

National Bank of Canada (OTCMKTS:NTIOF - Free Report) - Cormark lifted their FY2025 EPS estimates for shares of National Bank of Canada in a report issued on Thursday, May 29th. Cormark analyst L. Persaud now expects that the financial services provider will post earnings of $7.97 per share for the year, up from their prior estimate of $7.43. Cormark currently has a "Hold" rating on the stock. The consensus estimate for National Bank of Canada's current full-year earnings is $7.63 per share. Cormark also issued estimates for National Bank of Canada's FY2026 earnings at $8.39 EPS.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The financial services provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.29. The firm had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $3.33 billion. National Bank of Canada had a net margin of 24.65% and a return on equity of 17.21%.

A number of other analysts have also recently weighed in on the stock. Cibc World Mkts cut shares of National Bank of Canada from a "hold" rating to a "strong sell" rating in a report on Friday, April 4th. National Bankshares cut National Bank of Canada from a "speculative buy" rating to an "underperform" rating in a report on Friday, April 4th. CIBC reissued an "outperform" rating on shares of National Bank of Canada in a research report on Tuesday, May 20th. Finally, Scotiabank upgraded National Bank of Canada to a "strong-buy" rating in a report on Thursday, May 15th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold".

National Bank of Canada Trading Down 0.9%

OTCMKTS NTIOF traded down $0.91 during trading hours on Friday, hitting $97.53. 145,897 shares of the company were exchanged, compared to its average volume of 81,845. The stock has a market cap of $38.16 billion, a PE ratio of 12.42 and a beta of 1.00. National Bank of Canada has a 52 week low of $74.21 and a 52 week high of $100.08. The stock has a 50-day moving average price of $87.02 and a 200 day moving average price of $88.89. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06.

National Bank of Canada Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 1st were given a dividend of $0.7975 per share. This represents a yield of 3.86%. The ex-dividend date was Monday, March 31st. National Bank of Canada's dividend payout ratio (DPR) is presently 43.25%.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.