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

National Bank of Canada (OTCMKTS:NTIOF) is expected to be announcing its results before the market opens on Wednesday, December 3rd. Analysts expect the company to announce earnings of $1.75 per share and revenue of $3.4271 billion for the quarter.

National Bank of Canada Stock Down 0.5%

Shares of OTCMKTS:NTIOF opened at $120.26 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The stock has a fifty day simple moving average of $111.54 and a two-hundred day simple moving average of $105.99. National Bank of Canada has a 12-month low of $74.21 and a 12-month high of $120.84. The stock has a market capitalization of $47.02 billion, a price-to-earnings ratio of 16.41 and a beta of 0.95.

National Bank of Canada Cuts Dividend

The business also recently declared a dividend, which was paid on Saturday, November 1st. Stockholders of record on Tuesday, September 30th were given a $0.8531 dividend. This represents a dividend yield of 313.0%. The ex-dividend date of this dividend was Monday, September 29th. National Bank of Canada’s payout ratio is currently 46.79%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Scotiabank reissued an “outperform” rating on shares of National Bank of Canada in a research report on Tuesday, November 25th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of National Bank of Canada in a research note on Thursday, August 28th. National Bankshares raised shares of National Bank of Canada from an “underperform” rating to a “buy” rating in a research report on Tuesday, November 11th. Desjardins upgraded shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 11th. Finally, Zacks Research upgraded National Bank of Canada from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, National Bank of Canada presently has an average rating of “Hold”.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.