National Bank of Canada (NTIOF) Stock Rating Lowered by Zacks Investment Research

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

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. “

NTIOF has been the topic of several other reports. Barclays downgraded National Bank of Canada from an “overweight” rating to an “equal weight” rating in a report on Tuesday, December 19th. ValuEngine downgraded National Bank of Canada from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th.

Shares of National Bank of Canada (OTCMKTS NTIOF) opened at $52.25 on Friday. National Bank of Canada has a fifty-two week low of $37.82 and a fifty-two week high of $52.46. The firm has a market capitalization of $17,694.69, a P/E ratio of 12.71 and a beta of 1.31.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings results on Friday, December 1st. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.05. National Bank of Canada had a return on equity of 18.23% and a net margin of 21.63%. analysts expect that National Bank of Canada will post 4.56 EPS for the current fiscal year.

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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.

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