National Bank of Canada (NTIOF) Upgraded by Zacks Investment Research to “Buy”

National Bank of Canada (OTCMKTS:NTIOF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The firm presently has a $58.00 price target on the financial services provider’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 11.00% from the company’s current price.

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 subject of a number of other reports. Barclays downgraded National Bank of Canada from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, December 19th. ValuEngine downgraded National Bank of Canada from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th.

National Bank of Canada (NTIOF) traded up $0.48 on Friday, reaching $52.25. The company’s stock had a trading volume of 2,641 shares, compared to its average volume of 5,946. 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 has a 12-month low of $37.82 and a 12-month high of $52.46.

National Bank of Canada (OTCMKTS:NTIOF) last released its earnings results on Friday, December 1st. The financial services provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates 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 forecast that National Bank of Canada will post 4.56 EPS for the current year.

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National Bank of Canada Company Profile

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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