The Non-Executive of National Bank of Canada (NTIOF) is Buying Shares

Today, the Non-Executive of National Bank of Canada (NTIOF), Raymond Bachand, bought shares of NTIOF for $11.99K.

Following this transaction Raymond Bachand’s holding in the company was increased by 11% to a total of $91.04K. In addition to Raymond Bachand, 2 other NTIOF executives reported Buy trades in the last month.

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Based on National Bank of Canada’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $1.91 billion and quarterly net profit of $594 million. In comparison, last year the company earned revenue of $1.79 billion and had a net profit of $536 million. The company has a one-year high of $56.73 and a one-year low of $26.77. NTIOF’s market cap is $12.08 billion and the company has a P/E ratio of 7.90.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $45.89, reflecting a -15.2% downside. Three different firms, including TD Securities and Scotiabank, currently also have a Buy rating on the stock.

The insider sentiment on National Bank of Canada has been positive according to 72 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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 Personal and Commercial segment involves in banking, financing, and investing services offered to individuals and businesses as well as insurance operations. The Wealth Management segment focuses on the investment solutions, trust and lending services, and other wealth management solutions offered through internal and third-party distribution networks. The Financial Markets segment includes banking and investment banking services and financial solutions for large and mid-size corporations, public sector organizations, and institutional investors. The USSF&I segment comprises specialty finance expertise activities of subsidiary ABA Bank, which offers financial products and services to individuals and businesses; and activities of targeted investments in certain emerging markets. The Other segment encompasses treasury activities such as asset and liability management, liquidity management and funding operations, certain non-recurring items, and unallocated portion of corporate services. The company was founded on May 4, 1859 and is headquartered in Montreal, Canada.

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