National Bank of Canada (OTCMKTS:NTIOF) Releases Earnings Results, Beats Estimates By $0.11 EPS

National Bank of Canada (OTCMKTS:NTIOF) issued its earnings results on Wednesday. The financial services provider reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Stock Up 3.0%

National Bank of Canada stock opened at $161.10 on Wednesday. The firm has a market capitalization of $61.84 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.42 and a beta of 0.87. The firm’s fifty day moving average price is $160.62 and its two-hundred day moving average price is $147.52. National Bank of Canada has a 1-year low of $103.35 and a 1-year 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 Ratings Changes

NTIOF has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. Raymond James Financial reissued a “market perform” rating on shares of National Bank of Canada in a research report on Tuesday, May 12th. National Bank Financial raised National Bank of Canada from a “hold” rating to an “outperform” rating in a research report on Tuesday, August 18th. Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a research report on Tuesday, June 16th. Finally, TD Securities reaffirmed a “hold” rating on shares of National Bank of Canada in a research note on Wednesday, August 12th. 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 MarketBeat, the company 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.