National Bank of Canada (OTCMKTS:NTIOF) Posts Earnings Results, Beats Expectations By $0.26 EPS

National Bank of Canada (OTCMKTS:NTIOF) announced its quarterly earnings results on Wednesday. The financial services provider reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.26, Zacks reports. National Bank of Canada had a net margin of 13.07% and a return on equity of 15.74%.

National Bank of Canada Price Performance

NTIOF traded up $8.53 during trading on Wednesday, reaching $138.44. 4,453 shares of the company were exchanged, compared to its average volume of 67,916. The company’s 50-day moving average is $125.04 and its two-hundred day moving average is $116.40. The company has a market cap of $53.76 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 1.27 and a beta of 0.90. National Bank of Canada has a 12-month low of $74.21 and a 12-month high of $138.44. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.11.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. TD Securities reissued a “hold” rating on shares of National Bank of Canada in a research report on Thursday, December 4th. Raymond James Financial reiterated a “market perform” rating on shares of National Bank of Canada in a report on Friday, February 13th. Scotiabank restated an “outperform” rating on shares of National Bank of Canada in a report on Friday, January 9th. Desjardins upgraded shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th. Finally, Zacks Research raised shares of National Bank of Canada from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, National Bank of Canada has an average rating of “Moderate Buy”.

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.