National Bank of Canada (OTCMKTS:NTIOF - Free Report) - Equities researchers at Desjardins decreased their FY2024 earnings per share (EPS) estimates for National Bank of Canada in a note issued to investors on Friday, November 1st. Desjardins analyst D. Young now forecasts that the financial services provider will earn $7.49 per share for the year, down from their prior estimate of $7.68. The consensus estimate for National Bank of Canada's current full-year earnings is $7.67 per share. Desjardins also issued estimates for National Bank of Canada's Q4 2024 earnings at $1.86 EPS and FY2025 earnings at $7.74 EPS.
Separately, Cibc World Mkts lowered National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 20th.
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National Bank of Canada Trading Up 0.2 %
OTCMKTS:NTIOF traded up $0.15 during trading hours on Monday, reaching $94.83. 2,579 shares of the stock were exchanged, compared to its average volume of 60,883. National Bank of Canada has a twelve month low of $63.16 and a twelve month high of $96.51. The business has a 50-day moving average of $93.88 and a two-hundred day moving average of $86.60. The company has a market capitalization of $32.29 billion, a price-to-earnings ratio of 12.68 and a beta of 1.07. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06.
National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter. National Bank of Canada had a return on equity of 17.29% and a net margin of 19.10%. The firm had revenue of $2.18 billion during the quarter.
National Bank of Canada Increases Dividend
The business also recently declared a dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, September 30th were paid a $0.8081 dividend. This is a positive change from National Bank of Canada's previous dividend of $0.81. This represents a yield of 3.45%. The ex-dividend date was Friday, September 27th. National Bank of Canada's dividend payout ratio is currently 43.58%.
About National Bank of Canada
(
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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.
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