National Bank of Canada (NTIOF) Projected to Post Earnings on Wednesday

Key Points

• National Bank of Canada is expected to report earnings before the market opens Wednesday, August 26. Analysts forecast quarterly earnings of $2.30 per share on revenue of $2.746 billion.
• The bank’s previous quarter exceeded expectations, with earnings of $2.36 per share versus the $2.29 consensus and revenue of $2.87 billion versus $2.81 billion expected. Its return on equity was 15.99% and net margin was 14.49%.
• Shares recently traded at $164.44, down 1.6%, near their 12-month high of $171.47. Analyst sentiment remains cautious overall, with two Buy ratings and six Holds, resulting in a consensus “Hold” rating.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) is expected to post its results before the market opens on Wednesday, August 26th. Analysts expect the company to announce earnings of $2.30 per share and revenue of $2.7462 billion for the quarter.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.07. The firm had revenue of $2.87 billion for the quarter, compared to analysts' expectations of $2.81 billion. National Bank of Canada had a return on equity of 15.99% and a net margin of 14.49%. On average, analysts expect National Bank of Canada to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

National Bank of Canada Trading Down 1.6%

Shares of OTCMKTS:NTIOF opened at $164.44 on Wednesday. The stock has a 50 day moving average of $159.73 and a 200 day moving average of $146.18. The company has a market cap of $63.12 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 1.51 and a beta of 0.87. National Bank of Canada has a 12-month low of $103.35 and a 12-month high of $171.47. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.11.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Scotiabank reaffirmed an "outperform" rating on shares of National Bank of Canada in a report on Tuesday, June 16th. Raymond James Financial reissued a "market perform" rating on shares of National Bank of Canada in a research note on Tuesday, May 12th. Royal Bank Of Canada restated a "sector perform" rating on shares of National Bank of Canada in a research report on Thursday, May 28th. National Bank Financial upgraded shares of National Bank of Canada from a "hold" rating to an "outperform" rating in a research report on Tuesday. Finally, TD Securities restated a "hold" rating on shares of National Bank of Canada in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold".

National Bank of Canada Company Profile

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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