TSX:NABanks
National Bank Of Canada (TSX:NA) Stock Retreat Deepens Despite 26% EPS Growth
National Bank of Canada stock has slipped in recent weeks, down about 8% over the past month, yet the latest quarter delivered the kind of profitability many investors say they want from a premium-priced bank. Earnings per share came in at CA$3.29 and return on equity held at a firm 16.8%, with revenue of CA$3.8b helping to support that level of profitability.
The real story this quarter is the earnings engine. Strong net income of CA$1.3b and positive operating leverage put the focus...