National Bank of Canada (NTIOF) Announces Earnings Results, Beats Expectations By $0.03 EPS
National Bank of Canada (OTCMKTS:NTIOF) released its earnings results on Wednesday. The financial services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.03, MarketWatch Earnings reports. National Bank of Canada had a net margin of 20.48% and a return on equity of 18.60%.
NTIOF opened at $45.17 on Thursday. National Bank of Canada has a 12-month low of $44.59 and a 12-month high of $53.84. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.06. The company has a market cap of $15.17 billion, a price-to-earnings ratio of 10.83 and a beta of 1.33.
A number of analysts recently commented on NTIOF shares. Zacks Investment Research cut shares of National Bank of Canada from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Barclays reissued a “hold” rating on shares of National Bank of Canada in a research report on Friday, November 16th. Canaccord Genuity reissued a “hold” rating on shares of National Bank of Canada in a research report on Thursday, November 22nd. Finally, ValuEngine lowered shares of National Bank of Canada from a “hold” rating to a “sell” rating in a research report on Friday, October 12th.
National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.
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