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

National Bank of Canada (OTCMKTS:NTIOF) is expected to be releasing its results before the market opens on Wednesday, February 25th. Analysts expect National Bank of Canada to post earnings of $2.08 per share and revenue of $3.6759 billion for the quarter.

National Bank of Canada (OTCMKTS:NTIOF) last announced its earnings results on Wednesday, December 3rd. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.13. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $3.43 billion. National Bank of Canada had a net margin of 13.07% and a return on equity of 15.74%. On average, analysts expect National Bank of Canada to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

National Bank of Canada Stock Down 1.5%

OTCMKTS:NTIOF opened at $126.53 on Wednesday. The business’s fifty day moving average price is $124.65 and its 200 day moving average price is $115.53. The firm has a market capitalization of $49.14 billion, a price-to-earnings ratio of 17.50 and a beta of 0.90. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.11. National Bank of Canada has a 1-year low of $74.21 and a 1-year high of $129.11.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NTIOF. National Bank Financial raised shares of National Bank of Canada from an “underperform” rating to a “buy” rating in a research report on Tuesday, November 11th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of National Bank of Canada in a research note on Friday, December 5th. Zacks Research upgraded shares of National Bank of Canada from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Scotiabank restated an “outperform” rating on shares of National Bank of Canada in a report on Friday, January 9th. Finally, Canadian Imperial Bank of Commerce raised shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently 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.