National Bank of Canada (OTCMKTS:NTIOF) Issues Quarterly Earnings Results

National Bank of Canada (OTCMKTS:NTIOF) released its quarterly earnings results on Wednesday. The financial services provider reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.11, Zacks reports. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.75 billion. National Bank of Canada had a net margin of 17.22% and a return on equity of 16.74%.

National Bank of Canada Stock Performance

OTCMKTS:NTIOF opened at $153.34 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.74 and a quick ratio of 0.74. National Bank of Canada has a 1 year low of $103.66 and a 1 year high of $171.47. The stock’s 50 day simple moving average is $160.55 and its two-hundred day simple moving average is $147.95. The company has a market cap of $58.86 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.32 and a beta of 0.87.

Analyst Ratings Changes

NTIOF has been the topic of a number of recent research reports. Raymond James Financial reaffirmed a “market perform” rating on shares of National Bank of Canada in a report on Tuesday, May 12th. Royal Bank Of Canada reissued a “sector perform” rating on shares of National Bank of Canada in a research note on Thursday. Scotiabank reissued an “outperform” rating on shares of National Bank of Canada in a report on Thursday. Canadian Imperial Bank of Commerce upgraded National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Finally, Desjardins lowered shares of National Bank of Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 4th. One equities research 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.com, National Bank of Canada 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.