National Bank of Canada (OTCMKTS:NTIOF) Announces Quarterly Earnings Results, Beats Expectations By $0.07 EPS

National Bank of Canada (OTCMKTS:NTIOF) released its quarterly earnings data on Wednesday. The financial services provider reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.07, Zacks reports. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.81 billion. National Bank of Canada had a return on equity of 16.10% and a net margin of 14.49%.

National Bank of Canada Stock Performance

Shares of NTIOF stock opened at $147.86 on Friday. The business’s 50-day moving average price is $143.26 and its 200-day moving average price is $131.71. National Bank of Canada has a 12 month low of $96.31 and a 12 month high of $154.57. The firm has a market capitalization of $56.99 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.32 and a beta of 0.91. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.11.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Raymond James Financial reaffirmed a “market perform” rating on shares of National Bank of Canada in a research note on Tuesday, May 12th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of National Bank of Canada in a research note on Thursday. Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a research note on Monday, May 4th. Zacks Research lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Desjardins reaffirmed a “buy” rating on shares of National Bank of Canada in a research note on Thursday. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently 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.