National Bank of Canada (OTCMKTS:NTIOF – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $96.01 and last traded at $95.99, with a volume of 780 shares. The stock had previously closed at $95.03.
Wall Street Analysts Forecast Growth
Separately, Cibc World Mkts cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th.
Get Our Latest Analysis on National Bank of Canada
National Bank of Canada Price Performance
National Bank of Canada (OTCMKTS:NTIOF – Get Free Report) last released its quarterly earnings data 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%. Sell-side analysts anticipate that National Bank of Canada will post 7.67 EPS for the current fiscal year.
National Bank of Canada Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, September 30th will be given a $0.8081 dividend. The ex-dividend date is Friday, September 27th. This represents a dividend yield of 3.45%. This is a boost from National Bank of Canada’s previous dividend of $0.81. National Bank of Canada’s dividend payout ratio (DPR) is currently 45.66%.
About National Bank of Canada
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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