National Bank of Canada (OTCMKTS:NTIOF) Rating Lowered to Hold at Cormark

National Bank of Canada (OTCMKTS:NTIOF) was downgraded by investment analysts at Cormark from a “moderate buy” rating to a “hold” rating in a research note issued to investors on Friday,Zacks.com reports. Cormark also issued estimates for National Bank of Canada’s Q1 2025 earnings at $1.88 EPS, FY2025 earnings at $7.48 EPS and FY2026 earnings at $8.20 EPS.

Other analysts have also recently issued reports about the company. Barclays cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Cibc World Mkts downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th.

National Bank of Canada Stock Up 0.4 %

National Bank of Canada stock opened at $87.37 on Friday. The company’s 50-day moving average price is $90.39 and its two-hundred day moving average price is $92.27. The stock has a market cap of $34.18 billion, a P/E ratio of 11.13 and a beta of 1.07. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. National Bank of Canada has a twelve month low of $76.15 and a twelve month high of $100.08.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings results on Wednesday, December 4th. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.05. National Bank of Canada had a net margin of 24.65% and a return on equity of 17.21%. As a group, analysts expect that National Bank of Canada will post 7.63 EPS for the current year.

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.