National Bank of Canada (TSE:NA – Get Free Report) announced its quarterly earnings data on Wednesday. The financial services provider reported C$2.68 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.50 by C$0.18, reports. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. The business had revenue of C$2.98 billion for the quarter, compared to analyst estimates of C$2.95 billion.
National Bank of Canada Price Performance
National Bank of Canada has a 12 month low of C$84.27 and a 12 month high of C$127.22. The company has a fifty day moving average of C$113.71 and a 200-day moving average of C$112.15. The stock has a market cap of C$42.03 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 17.04 and a beta of 1.13.
National Bank of Canada Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Monday, September 30th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, September 27th. This represents a $4.40 annualized dividend and a dividend yield of ∞. National Bank of Canada’s dividend payout ratio (DPR) is presently 42.84%.
Analysts Set New Price Targets
Insider Buying and Selling at National Bank of Canada
In related news, Senior Officer Lucie Blanchet sold 8,800 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$107.59, for a total value of C$946,792.00. In other National Bank of Canada news, Senior Officer Lucie Blanchet sold 8,800 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$107.59, for a total value of C$946,792.00. Also, Director Yvon Charest purchased 325 shares of National Bank of Canada stock in a transaction dated Monday, August 19th. The shares were bought at an average price of C$117.24 per share, for a total transaction of C$38,103.00. Insiders own 0.21% of the company’s stock.
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.
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