National Bank of Canada (OTCMKTS:NTIOF) Issues Earnings Results, Beats Expectations By $0.26 EPS

National Bank of Canada (OTCMKTS:NTIOF) posted its earnings results on Wednesday. The financial services provider reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.26, Zacks reports. National Bank of Canada had a net margin of 13.07% and a return on equity of 15.74%.

National Bank of Canada Stock Up 6.6%

OTCMKTS NTIOF traded up $8.53 during mid-day trading on Wednesday, reaching $138.44. The stock had a trading volume of 4,453 shares, compared to its average volume of 67,916. The stock has a market cap of $53.76 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 1.27 and a beta of 0.90. National Bank of Canada has a 1 year low of $74.21 and a 1 year high of $138.44. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.74 and a quick ratio of 0.74. The company has a fifty day moving average price of $125.04 and a 200 day moving average price of $116.40.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NTIOF shares. Zacks Research upgraded National Bank of Canada from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a research note on Friday, January 9th. TD Securities reissued a “hold” rating on shares of National Bank of Canada in a research report on Thursday, December 4th. National Bank Financial raised shares of National Bank of Canada from an “underperform” rating to a “buy” rating in a research report on Tuesday, November 11th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of National Bank of Canada in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, National Bank of Canada currently has an average rating of “Moderate Buy”.

About National Bank of Canada

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.