What is Cormark's Forecast for TSE:NA FY2025 Earnings?

National Bank of Canada (TSE:NA - Free Report) - Investment analysts at Cormark upped their FY2025 earnings estimates for National Bank of Canada in a research note issued to investors on Monday, November 25th. Cormark analyst L. Persaud now forecasts that the financial services provider will earn $10.65 per share for the year, up from their previous forecast of $10.61. The consensus estimate for National Bank of Canada's current full-year earnings is $10.84 per share. Cormark also issued estimates for National Bank of Canada's FY2026 earnings at $11.66 EPS.

Several other research firms also recently commented on NA. TD Securities upped their price target on shares of National Bank of Canada from C$129.00 to C$140.00 in a research report on Friday, November 15th. Canaccord Genuity Group increased their target price on shares of National Bank of Canada from C$123.00 to C$135.00 in a research note on Tuesday, November 19th. Scotiabank boosted their price target on National Bank of Canada from C$129.00 to C$154.00 in a research report on Monday. Desjardins increased their price objective on National Bank of Canada from C$116.00 to C$118.00 and gave the stock a "hold" rating in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada boosted their target price on National Bank of Canada from C$113.00 to C$116.00 in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, National Bank of Canada currently has a consensus rating of "Hold" and an average price target of C$132.40.

National Bank of Canada Price Performance

Shares of NA stock traded up C$0.04 during trading hours on Tuesday, hitting C$137.43. The stock had a trading volume of 2,817,497 shares, compared to its average volume of 1,731,817. The firm has a market capitalization of C$46.78 billion, a PE ratio of 13.38, a PEG ratio of 7.14 and a beta of 1.12. The stock's 50 day moving average is C$131.10 and its 200 day moving average is C$120.55. National Bank of Canada has a twelve month low of C$87.92 and a twelve month high of C$138.79.

National Bank of Canada (TSE:NA - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$2.50 by C$0.18. The firm had revenue of C$2.98 billion for the quarter, compared to the consensus estimate of C$2.95 billion. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%.

Insider Transactions at National Bank of Canada

In other news, Director Yvon Charest acquired 285 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average cost of C$133.71 per share, with a total value of C$38,107.35. Corporate insiders own 0.21% of the company's stock.

National Bank of Canada Company Profile

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.