National Bank of Canada NBCDF

Primary Symbol: T.NA Alternate Symbol(s): NTIOF | T.NA.PR.S | T.NA.PR.W | T.NA.PR.C | NBKCF | T.NA.PR.E | T.NA.PR.G | T.NA.R

Financial Services

National Bank of Canada (the Bank) operates as an integrated financial group. The Bank operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International (USSF&I). Its Personal and Commercial segment includes banking, financing, and investing services offered to individuals, advisors, and businesses, as well as insurance operations. Its Wealth Management segment includes investment solutions, trust services, banking services, lending services, and other wealth management solutions offered through internal and third-party distribution networks. Its Financial Markets segment includes corporate banking and investment banking and financial solutions for large and mid-size corporations, public sector organizations, and institutional investors. Its USSF&I segment includes the specialty finance services provided by its subsidiaries, Credigy Ltd. and Advanced Bank of Asia Limited.

TSX:NA - Post by User

National Bank of Canada

<< Previous

Bullboard Posts

Next >>

Post by Dibah420on Dec 04, 2020 9:52am

394 Views

Post# 32036093

Credit Suisse Outperform TP to $76

Analyst Actions: Credit Suisse Keeps Outperform on National Bank, Ups TP to $76, Also Raises Ests on Q4 Beat

03 Dec 202014:40 ET

02:40 PM EST, 12/03/2020 (MT Newswires) -- Credit Suisse has kept its Outperform on National Bank, and raised its one year price target to $76 after the bank reported a Q4 beat: NA's Q4 adjusted EPS of $1.69 comfortably beat CSe of C$1.53, albeit to a lesser degree if CS had excluded a $0.10/share charge related to severance that the analyst believes should be counted as a normal course operating expense.

Loan losses were roughly a $0.12/share favorable variance relative to CS EPS forecast with management also providing a more positive near-term outlook, targeting a 25 bps to 35 bps loss ratio for F2021.

CS is now forecasting EPS of $6.68 (was C$6.29) for F2021 and $7.15 (was $6.96) for F2022.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 72.00, Change: -0.59, Percent Change: -0.81

<< Previous

Bullboard Posts

Next >>

Sirios Resource discovers visible gold in Quebec