National Bank of Canada (OTCMKTS:NTIOF) Posts Earnings Results, Beats Expectations By $0.07 EPS

National Bank of Canada (OTCMKTS:NTIOF) issued its earnings results on Wednesday. The financial services provider reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.07, Zacks reports. National Bank of Canada had a return on equity of 15.69% and a net margin of 13.60%.

National Bank of Canada Price Performance

NTIOF opened at $153.66 on Wednesday. The company has a market capitalization of $59.23 billion, a P/E ratio of 20.52, a PEG ratio of 1.38 and a beta of 0.91. The company has a 50-day moving average of $142.71 and a 200-day moving average of $131.20. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.74 and a current ratio of 0.74. National Bank of Canada has a 1-year low of $93.46 and a 1-year high of $154.57.

Analyst Ratings Changes

Several brokerages have commented on NTIOF. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a research note on Tuesday, May 12th. Canadian Imperial Bank of Commerce downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. National Bank Financial lowered shares of National Bank of Canada from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 13th. Zacks Research downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Scotiabank restated an “outperform” rating on shares of National Bank of Canada in a report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company 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.