National Bank of Canada (OTCMKTS:NTIOF – Free Report) – Equities research analysts at Desjardins cut their FY2024 EPS estimates for National Bank of Canada in a note issued to investors on Friday, November 1st. Desjardins analyst D. Young now anticipates that the financial services provider will post earnings per share of $7.49 for the year, down from their previous estimate of $7.68. The consensus estimate for National Bank of Canada’s current full-year earnings is $7.67 per share. Desjardins also issued estimates for National Bank of Canada’s Q4 2024 earnings at $1.86 EPS and FY2025 earnings at $7.74 EPS.
National Bank of Canada (OTCMKTS:NTIOF – Get Free Report) last posted its earnings results on Wednesday, August 28th. The financial services provider reported $1.96 EPS for the quarter. The company had revenue of $2.18 billion during the quarter. National Bank of Canada had a net margin of 19.10% and a return on equity of 17.29%.
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National Bank of Canada Stock Down 0.9 %
Shares of NTIOF stock opened at $94.68 on Monday. The stock’s 50 day simple moving average is $93.77 and its 200 day simple moving average is $86.49. National Bank of Canada has a twelve month low of $63.16 and a twelve month high of $96.51. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $32.24 billion, a price-to-earnings ratio of 12.66 and a beta of 1.07.
National Bank of Canada Increases Dividend
The firm also recently disclosed a dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, September 30th were issued a dividend of $0.8081 per share. This represents a dividend yield of 3.45%. This is an increase from National Bank of Canada’s previous dividend of $0.81. The ex-dividend date of this dividend was Friday, September 27th. National Bank of Canada’s dividend payout ratio (DPR) is presently 43.58%.
About National Bank of Canada
National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.
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