National Bank of Canada (TSE:NA – Get Rating) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 31st. Analysts expect National Bank of Canada to post earnings of C$2.43 per share for the quarter.
National Bank of Canada (TSE:NA – Get Rating) last announced its earnings results on Wednesday, March 1st. The financial services provider reported C$2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.41 by C$0.15. National Bank of Canada had a net margin of 34.98% and a return on equity of 16.00%. The company had revenue of C$2.58 billion during the quarter, compared to analyst estimates of C$2.62 billion.
National Bank of Canada Stock Down 1.4 %
TSE NA opened at C$101.28 on Wednesday. The company has a 50-day simple moving average of C$98.47 and a two-hundred day simple moving average of C$97.69. National Bank of Canada has a 12-month low of C$82.16 and a 12-month high of C$104.83. The firm has a market cap of C$34.16 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.02 and a beta of 1.11.
National Bank of Canada Dividend Announcement
Analyst Ratings Changes
Several analysts have issued reports on NA shares. Cormark restated a “market perform” rating on shares of National Bank of Canada in a research report on Tuesday. Canaccord Genuity Group upped their price objective on shares of National Bank of Canada from C$102.00 to C$104.50 in a research note on Thursday, March 2nd. Barclays lowered their price objective on shares of National Bank of Canada from C$98.00 to C$82.00 in a research note on Tuesday, May 9th. Scotiabank lowered their price objective on shares of National Bank of Canada from C$115.00 to C$111.00 in a research note on Friday, February 17th. Finally, Veritas Investment Research reaffirmed a “buy” rating on shares of National Bank of Canada in a research note on Monday, February 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, National Bank of Canada presently has an average rating of “Hold” and an average price target of C$105.32.
About National Bank of Canada
National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.
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