National Bank of Canada (OTCMKTS:NTIOF) – Investment analysts at National Bank Financial reduced their Q2 2019 earnings estimates for shares of National Bank of Canada in a research report issued to clients and investors on Sunday, May 12th. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will post earnings of $1.10 per share for the quarter, down from their previous forecast of $1.16. National Bank Financial also issued estimates for National Bank of Canada’s Q3 2019 earnings at $1.18 EPS, FY2019 earnings at $4.54 EPS and FY2020 earnings at $4.81 EPS.
Several other research analysts also recently weighed in on NTIOF. Zacks Investment Research raised shares of National Bank of Canada from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. ValuEngine raised shares of National Bank of Canada from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Jefferies Financial Group began coverage on shares of National Bank of Canada in a research report on Friday, May 3rd. They issued a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $52.00.
National Bank of Canada (OTCMKTS:NTIOF) last released its earnings results on Wednesday, February 27th. The financial services provider reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.05). The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.39 billion. National Bank of Canada had a return on equity of 18.15% and a net margin of 19.45%.
About National Bank of Canada
National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.
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