National Bank of Canada (OTCMKTS:NTIOF – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $96.84 and last traded at $96.77, with a volume of 2834 shares traded. The stock had previously closed at $96.28.
Wall Street Analysts Forecast Growth
Separately, Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th.
Get Our Latest Stock Report on NTIOF
National Bank of Canada Price Performance
National Bank of Canada (OTCMKTS:NTIOF – Get Free Report) last posted its quarterly earnings results on Wednesday, August 28th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter. The firm had revenue of $2.18 billion during the quarter. National Bank of Canada had a return on equity of 17.29% and a net margin of 19.10%. As a group, equities research analysts expect that National Bank of Canada will post 7.6 earnings per share for the current fiscal year.
National Bank of Canada Increases Dividend
The company also recently declared a dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, September 30th were given a dividend of $0.8081 per share. The ex-dividend date was Friday, September 27th. This represents a dividend yield of 3.45%. This is a positive change from National Bank of Canada’s previous dividend of $0.81. National Bank of Canada’s dividend payout ratio is currently 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.
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