Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. Analyst Scott Chan CFA from Canaccord Genuity rated National Bank of Canada (TSX: NA) a Buy, setting a C$69 price target.
CFA has an average return of 8.3% when recommending National Bank of Canada.
According to TipRanks.com, CFA is ranked #2533 out of 4872 analysts.
Currently, the analyst consensus on National Bank of Canada is a Moderate Buy with an average price target of C$69.
Based on National Bank of Canada’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of C$2.56 billion and net profit of C$522 million. In comparison, last year the company earned revenue of C$2.25 billion and had a net profit of C$494 million.
National Bank of Canada engages in the provision of commercial banking and financial services. It operates through the following segments: Personal and Commercial, Wealth Management, Financial Markets, US Specialty Finance and International (USSF&I), and Other.
The company’s shares closed on Tuesday at C$65.19, close to its 52-week high of C$65.95.
