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

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

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings data on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.07. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.81 billion. National Bank of Canada had a return on equity of 15.99% and a net margin of 14.49%. 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 Trading Down 1.8%

National Bank of Canada stock opened at $156.40 on Tuesday. The firm has a 50 day moving average of $160.44 and a 200 day moving average of $147.25. The firm has a market capitalization of $60.04 billion, a price-to-earnings ratio of 19.12, a P/E/G ratio of 1.44 and a beta of 0.87. National Bank of Canada has a 12-month low of $103.35 and a 12-month high of $171.47. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.11.

Wall Street Analysts Forecast Growth

NTIOF has been the subject of a number of recent analyst reports. Raymond James Financial reiterated 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 shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Desjardins cut shares of National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Finally, Zacks Research lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average 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.