National Bank of Canada (OTCMKTS:NTIOF) Issues Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Key Points

• National Bank of Canada reported quarterly EPS of $2.43, exceeding analysts’ consensus estimate of $2.32 by $0.11. The bank posted a 14.49% net margin and 15.99% return on equity.
• NTIOF opened at $161.10, near its 50-day average of $160.62, with a market capitalization of approximately $61.84 billion. The stock’s 12-month range is $103.35 to $171.47.
• Analyst sentiment remains positive overall, with MarketBeat reporting a “Moderate Buy” consensus; ratings include one Strong Buy, two Buys and five Holds.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) posted its earnings results on Wednesday. The financial services provider reported $2.43 earnings per share for the quarter, topping analysts' consensus estimates of $2.32 by $0.11, Zacks reports. National Bank of Canada had a net margin of 14.49% and a return on equity of 15.99%.

National Bank of Canada Price Performance

NTIOF stock opened at $161.10 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.11. The firm has a market cap of $61.84 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 1.42 and a beta of 0.87. The company's fifty day simple moving average is $160.62 and its 200 day simple moving average is $147.52. National Bank of Canada has a 12-month low of $103.35 and a 12-month high of $171.47.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NTIOF. National Bank Financial upgraded shares of National Bank of Canada from a "hold" rating to an "outperform" rating in a report on Tuesday, August 18th. Desjardins lowered National Bank of Canada from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, August 4th. TD Securities reiterated a "hold" rating on shares of National Bank of Canada in a research report on Wednesday, August 12th. Royal Bank Of Canada reissued a "sector perform" rating on shares of National Bank of Canada in a research note on Thursday, May 28th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of National Bank of Canada in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, National Bank of Canada currently has a consensus rating of "Moderate Buy".

About National Bank of Canada

National Bank of Canada OTCMKTS: NTIOF is a full‑service Canadian financial institution headquartered in Montreal, Quebec. The bank offers a broad range of products and services for personal, commercial and institutional clients, including deposit accounts, mortgages and consumer lending, small‑ and medium‑sized business banking, corporate lending, and cash management solutions.

In addition to traditional banking, National Bank provides wealth management and brokerage services through its private banking and advisory channels, and operates an investment banking and capital markets platform that delivers underwriting, advisory, trading and research services.

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