Cormark Has Bullish Estimate for TSE:NA FY2025 Earnings

National Bank of Canada (TSE:NA) – Cormark increased their FY2025 earnings estimates for shares of National Bank of Canada in a note issued to investors on Monday, November 25th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings per share of $10.65 for the year, up from their previous estimate of $10.61. The consensus estimate for National Bank of Canada’s current full-year earnings is $10.84 per share. Cormark also issued estimates for National Bank of Canada’s FY2026 earnings at $11.66 EPS.

National Bank of Canada (TSE:NA) last released its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.50 by C$0.18. The firm had revenue of C$2.98 billion during the quarter, compared to the consensus estimate of C$2.95 billion. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%.

A number of other brokerages have also recently issued reports on NA. Jefferies Financial Group upped their price objective on National Bank of Canada from C$119.00 to C$126.00 in a research note on Thursday, August 29th. Desjardins increased their price objective on shares of National Bank of Canada from C$116.00 to C$118.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Canaccord Genuity Group raised their price objective on shares of National Bank of Canada from C$123.00 to C$135.00 in a research report on Tuesday, November 19th. Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, Scotiabank increased their target price on National Bank of Canada from C$129.00 to C$154.00 in a report on Monday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$131.80.

National Bank of Canada Stock Performance

Shares of TSE NA opened at C$137.39 on Tuesday. The stock has a 50 day moving average price of C$130.91 and a 200 day moving average price of C$120.43. The stock has a market capitalization of C$46.76 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 52 week low of C$87.92 and a 52 week high of C$138.79.

Insider Buying and Selling

In related news, Director Yvon Charest acquired 285 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was acquired at an average cost of C$133.71 per share, for a total transaction of C$38,107.35. 0.21% of the stock is currently owned by corporate insiders.

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.