FY2024 Earnings Forecast for OTCMKTS:NTIOF Issued By Cormark

National Bank of Canada (OTCMKTS:NTIOF - Free Report) - Equities research analysts at Cormark dropped their FY2024 earnings per share (EPS) estimates for shares of National Bank of Canada in a research note issued on Monday, November 25th. Cormark analyst L. Persaud now expects that the financial services provider will post earnings of $7.45 per share for the year, down from their prior estimate of $7.70. The consensus estimate for National Bank of Canada's current full-year earnings is $7.53 per share. Cormark also issued estimates for National Bank of Canada's Q4 2024 earnings at $1.84 EPS, FY2025 earnings at $7.67 EPS and FY2026 earnings at $8.40 EPS.

Other equities analysts have also issued reports about the stock. Cibc World Mkts lowered shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a report on Friday, September 20th. Barclays cut shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 21st.

National Bank of Canada Trading Down 0.8 %

OTCMKTS:NTIOF traded down $0.74 during trading hours on Tuesday, hitting $97.57. The company had a trading volume of 882,394 shares, compared to its average volume of 63,760. National Bank of Canada has a 52 week low of $64.93 and a 52 week high of $98.91. The company has a market capitalization of $33.23 billion, a PE ratio of 13.04 and a beta of 1.07. The stock has a 50-day moving average price of $95.21 and a 200 day moving average price of $88.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last released its earnings results on Wednesday, August 28th. The financial services provider reported $1.96 earnings per share for the quarter. National Bank of Canada had a return on equity of 17.29% and a net margin of 19.10%. The company had revenue of $2.18 billion during the quarter.

National Bank of Canada Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, September 30th were paid a dividend of $0.8081 per share. This represents a yield of 3.45%. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from National Bank of Canada's previous dividend of $0.81. National Bank of Canada's payout ratio is 43.58%.

About National Bank of Canada

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.