National Bank of Canada (OTCMKTS:NTIOF) Issues Earnings Results, Beats Expectations By $0.07 EPS

National Bank of Canada (OTCMKTS:NTIOF) announced its earnings results on Wednesday. The financial services provider reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.07, Zacks reports. National Bank of Canada had a net margin of 13.60% and a return on equity of 15.69%.

National Bank of Canada Stock Performance

Shares of NTIOF stock opened at $153.66 on Wednesday. The firm’s 50-day simple moving average is $142.71 and its 200-day simple moving average is $131.20. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.74 and a quick ratio of 0.74. National Bank of Canada has a 1-year low of $93.46 and a 1-year high of $154.57. The firm has a market cap of $59.23 billion, a P/E ratio of 20.52, a PEG ratio of 1.38 and a beta of 0.91.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Zacks Research downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Scotiabank reissued an “outperform” rating on shares of National Bank of Canada in a research note on Monday, May 4th. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a research report on Tuesday, May 12th. National Bank Financial downgraded National Bank of Canada from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. Finally, Canadian Imperial Bank of Commerce lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

National Bank of Canada Company Profile

National Bank of Canada (OTCMKTS: NTIOF) is a full?service Canadian financial institution headquartered in Montreal, Quebec. The bank offers a broad range of products and services for personal, commercial and institutional clients, including deposit accounts, mortgages and consumer lending, small? and medium?sized business banking, corporate lending, and cash management solutions.

In addition to traditional banking, National Bank provides wealth management and brokerage services through its private banking and advisory channels, and operates an investment banking and capital markets platform that delivers underwriting, advisory, trading and research services.