- National Bank of Canada reported an adjusted EPS of C$2.58, slightly beating the estimate of C$2.57.
- The bank’s common equity Tier 1 ratio was 13.7%, surpassing the estimate of 13.6%.
- Reported return on equity (ROE) was at 16.4%, while the adjusted ROE was slightly below estimates at 15.9% compared to the forecast of 16.1%.
- The adjusted revenue came in at C$2.99 billion, beating the expected C$2.94 billion.
- Net interest margin was slightly below the estimate at 2.3%, compared to the expected 2.31%.
- Book value per share was C$65.74, just under the anticipated C$66.14.
- Analyst recommendations included 4 buys, 8 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 | 5 | |
| OVERALL SMART SCORE | 3.2 |
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 for National Bank of Canada, the company’s long-term outlook appears promising. With a solid Momentum score of 5, indicating strong market momentum, the bank is showing positive signs in terms of investor sentiment and stock price trends. Additionally, National Bank of Canada scores a 3 in Value, Dividend, and Growth, reflecting a balanced performance across these key factors.
National Bank of Canada, a comprehensive banking institution offering a range of services including retail, corporate, and investment banking, demonstrates resilience with a score of 2. While the resilience score is not as high as some other factors, the overall outlook for the company remains positive. Investors may find National Bank of Canada to be a stable and potentially rewarding long-term investment option based on its favorable Smart Scores profile.
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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