FY2024 Earnings Estimate for OTCMKTS:NTIOF Issued By Cormark

National Bank of Canada (OTCMKTS:NTIOF) – Stock analysts at Cormark decreased their FY2024 earnings estimates for National Bank of Canada in a report released on Monday, November 25th. Cormark analyst L. Persaud now forecasts that the financial services provider will earn $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 $7.45 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.

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

A number of other equities research analysts have also recently commented on the stock. Cibc World Mkts cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. Barclays lowered 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 Price Performance

Shares of OTCMKTS NTIOF opened at $98.49 on Tuesday. The firm has a 50-day simple moving average of $95.31 and a 200-day simple moving average of $88.26. The stock has a market capitalization of $33.54 billion, a price-to-earnings ratio of 13.17 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 has a 52 week low of $64.93 and a 52 week high of $98.91.

National Bank of Canada Increases Dividend

The company also recently announced a dividend, which was paid on Friday, November 1st. Investors of record on Monday, September 30th were issued a $0.8081 dividend. This is a boost from National Bank of Canada’s previous dividend of $0.81. The ex-dividend date was Friday, September 27th. This represents a yield of 3.45%. National Bank of Canada’s dividend payout ratio (DPR) is 43.58%.

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.