- Adjusted EPS: C$2.68, ahead of the C$2.47 estimate.
- EPS: C$2.89 reported.
- Common Equity Tier 1 Ratio: 13.5%, matching the estimate.
- Return on Equity (ROE): 18.4%.
- Adjusted ROE: 17%, beating the 15.9% estimate.
- Adjusted Revenue: C$2.98 billion, exceeding the C$2.86 billion estimate.
- Wealth Management Net Income: C$217 million, surpassing the C$210.1 million estimate.
- Financial Markets Net Income: C$318 million, beating the C$294.6 million estimate.
- Personal & Commercial Banking Net Income: C$366 million, above the C$323.3 million estimate.
- USSF&I Net Income: C$158 million, higher than the C$154.6 million estimate.
- Other Net Loss: C$26 million, less than the estimated loss of C$91.2 million.
- Net Interest Margin: 2.31%, slightly below the 2.35% estimate.
- Adjusted Efficiency Ratio: 51.4%, in line with the estimate.
- Provision for Credit Losses: C$149 million, close to the C$150.4 million estimate.
- Book Value Per Share: C$64.64, outperforming the C$63.86 estimate.
- Analyst Ratings: 6 buys, 7 holds, and 1 sell.
A look at National Bank of Canada Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, the long-term outlook for National Bank of Canada appears optimistic. The company received a solid score of 4 for Momentum, indicating strong positive price trends over time. Additionally, National Bank of Canada scored 3 on Value, Dividend, and Growth factors, reflecting a balanced performance in these areas. However, its Resilience score of 2 suggests room for improvement in weathering economic challenges. Overall, with a mix of positive scores across different key factors, National Bank of Canada seems positioned for steady growth and potential future success.
National Bank of Canada provides a comprehensive range of banking services, encompassing retail, corporate, and investment banking. The Bank’s operations extend to securities brokerage, insurance, wealth management, mutual fund, and retirement plan management through its subsidiaries. With a diverse portfolio of financial services, National Bank of Canada is strategically positioned to cater to a wide range of customer needs and maintain a competitive edge in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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