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

National Bank of Canada (OTCMKTS:NTIOF) is expected to issue its results before the market opens on Wednesday, August 26th. Analysts expect the company to post earnings of $2.30 per share and revenue of $2.7532 billion for the quarter.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings results on Wednesday, May 27th. The financial services provider reported $2.36 EPS for the quarter, beating the consensus estimate of $2.29 by $0.07. The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.81 billion. National Bank of Canada had a net margin of 14.49% and a return on equity of 15.99%. On average, analysts expect National Bank of Canada to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

National Bank of Canada Price Performance

OTCMKTS NTIOF opened at $159.19 on Monday. The stock has a fifty day moving average of $160.32 and a 200-day moving average of $147.00. The stock has a market capitalization of $61.11 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 1.44 and a beta of 0.87. National Bank of Canada has a 52 week low of $103.35 and a 52 week high of $171.47. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.74 and a current ratio of 0.74.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a research report on Tuesday, May 12th. Canadian Imperial Bank of Commerce upgraded National Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Desjardins lowered shares of National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 4th. TD Securities reaffirmed a “hold” rating on shares of National Bank of Canada in a research report on Wednesday, August 12th. Finally, Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently 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.