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

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

National Bank of Canada Stock Performance

OTCMKTS:NTIOF remained flat at $153.66 during mid-day trading on Wednesday. The company’s stock had a trading volume of 61,350 shares, compared to its average volume of 15,288. The stock has a market capitalization of $59.23 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 1.38 and a beta of 0.91. The company has a fifty day moving average price of $142.71 and a two-hundred day moving average price of $131.20. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.11. National Bank of Canada has a 1 year low of $93.46 and a 1 year high of $154.57.

Wall Street Analysts Forecast Growth

NTIOF has been the subject of several research reports. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a research report on Tuesday, May 12th. Scotiabank reissued an “outperform” rating on shares of National Bank of Canada in a research note on Monday, May 4th. National Bank Financial lowered shares of National Bank of Canada from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Zacks Research cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

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.