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

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

National Bank of Canada Price Performance

NTIOF opened at $147.86 on Friday. The stock has a market cap of $56.99 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.32 and a beta of 0.91. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.11. The company has a fifty day simple moving average of $143.26 and a 200 day simple moving average of $131.71. National Bank of Canada has a 12 month low of $96.31 and a 12 month high of $154.57.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Royal Bank Of Canada reissued a “sector perform” rating on shares of National Bank of Canada in a report on Thursday. National Bank Financial cut shares of National Bank of Canada from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of National Bank of Canada in a research report on Thursday. Scotiabank reissued an “outperform” rating on shares of National Bank of Canada in a report on Monday, May 4th. Finally, Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, National Bank of Canada presently has a consensus 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.