National Bank of Canada Expected to Post Q1 2018 Earnings of $1.13 Per Share (NTIOF)

National Bank of Canada (OTCMKTS:NTIOF) – Equities researchers at Desjardins issued their Q1 2018 earnings per share estimates for shares of National Bank of Canada in a note issued to investors on Friday. Desjardins analyst D. Young expects that the financial services provider will post earnings of $1.13 per share for the quarter. Desjardins also issued estimates for National Bank of Canada’s FY2018 earnings at $4.62 EPS and FY2019 earnings at $4.97 EPS.

National Bank of Canada (OTCMKTS:NTIOF) last posted its quarterly earnings results on Friday, December 1st. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.05. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. National Bank of Canada had a net margin of 21.63% and a return on equity of 18.23%.

Other analysts have also issued reports about the stock. ValuEngine lowered shares of National Bank of Canada from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research upgraded shares of National Bank of Canada from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Friday, January 19th. Finally, Barclays lowered shares of National Bank of Canada from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, December 19th.

Shares of National Bank of Canada (NTIOF) opened at $49.39 on Monday. National Bank of Canada has a 12-month low of $37.82 and a 12-month high of $53.84. The firm has a market cap of $16,881.22, a PE ratio of 12.02 and a beta of 1.32.

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About National Bank of Canada

National Bank of Canada (the Bank) is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises (SMEs) and large corporations in its domestic market and also offers specialized services internationally. The Bank’s segments are Personal and Commercial, which includes the banking, financing and investing services offered to individuals and businesses, as well as insurance operations; Wealth Management, which consists of investment solutions, trust services, banking services, lending services and other wealth management solutions offered through internal and third-party distribution networks; Financial Markets, which includes banking services, investment banking services and financial solutions for institutional clients, and Other, which includes treasury operations, including the Bank’s asset and liability management, liquidity management and funding operations; certain non-recurring items, and the unallocated portion of corporate units.

Earnings History and Estimates for National Bank of Canada (OTCMKTS:NTIOF)

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