Zacks Investment Research Downgrades National Bank of Canada (NTIOF) to Sell

National Bank of Canada (OTCMKTS:NTIOF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

According to Zacks, “National Bank of Canada provides banking services, including retail, corporate and investment banking. It operates in three business segments, personal and commercial, wealth management, and financial markets. The personal and Commercial Banking segment offers a range of services, including credit, deposit and investment solutions and international trade services. Wealth Management provides financial advice, investment solutions, products and specialized services. Financial Markets provides corporate, public sector and institutional clients with banking and investment banking service. “

Separately, ValuEngine downgraded shares of National Bank of Canada from a “hold” rating to a “sell” rating in a research note on Friday, October 12th.

Shares of OTCMKTS:NTIOF opened at $45.62 on Friday. The company has a market capitalization of $15.51 billion, a P/E ratio of 10.02 and a beta of 1.32. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.06. National Bank of Canada has a one year low of $44.70 and a one year high of $53.84.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings data on Wednesday, August 29th. The financial services provider reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.02. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.37 billion. National Bank of Canada had a net margin of 20.48% and a return on equity of 18.60%. On average, research analysts forecast that National Bank of Canada will post 4.58 earnings per share for the current fiscal year.

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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