Stock Analysis
National Bank of Canada Third Quarter 2024 Earnings: Beats Expectations
National Bank of Canada (TSE:NA) Third Quarter 2024 Results
Key Financial Results
- Revenue: CA$2.85b (up 20% from 3Q 2023).
- Net income: CA$993.0m (up 25% from 3Q 2023).
- Profit margin: 35% (up from 33% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: CA$2.92 (up from CA$2.35 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
National Bank of Canada Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Banks industry in Canada.
Performance of the Canadian Banks industry.
The company's shares are up 2.4% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on National Bank of Canada's balance sheet health.
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About TSX:NA
National Bank of Canada
Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.