National Bank of Canada (OTCMKTS:NTIOF – Get Free Report) has received an average rating of “Hold” from the eight analysts that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.
Several analysts have commented on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a research note on Thursday, August 27th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of National Bank of Canada in a research note on Thursday. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a report on Tuesday, May 12th. National Bank Financial raised National Bank of Canada from a “hold” rating to an “outperform” rating in a research report on Tuesday, August 18th. Finally, TD Securities reiterated a “hold” rating on shares of National Bank of Canada in a research note on Wednesday, August 12th.
Read Our Latest Stock Analysis on National Bank of Canada
National Bank of Canada Stock Performance
National Bank of Canada (OTCMKTS:NTIOF – Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The financial services provider reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.11. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.75 billion. National Bank of Canada had a net margin of 17.22% and a return on equity of 16.74%. On average, equities analysts anticipate that National Bank of Canada will post 9.44 earnings per share for the current year.
Institutional Trading of National Bank of Canada
A hedge fund recently bought a new position in National Bank of Canada stock. Public Employees Retirement System of Ohio acquired a new stake in shares of National Bank of Canada (OTCMKTS:NTIOF – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 63,587 shares of the financial services provider’s stock, valued at approximately $2,825,000. Institutional investors and hedge funds own 0.06% of the company’s stock.
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.
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