Updated
Updated · Bloomberg · May 27National Bank of Canada Beats Q2 Estimates With C$3.23 EPS
2 articles · Updated · Bloomberg · May 27
- C$3.23 a share in fiscal Q2 topped the C$3.14 analyst forecast for National Bank of Canada in the three months through April.
- Strength across the Montreal-based lender’s major business segments drove the earnings beat.
- Lower-than-expected provisions for bad loans also supported the quarter, indicating less credit pressure than analysts had anticipated.
Is National Bank's 'very expensive' stock a sign of sustainable growth or a bubble waiting to pop after its record quarter? How is National Bank's recent acquisition allowing it to outperform larger rivals in a sluggish loan market? While others brace for defaults, National Bank lowered its safety net. A brilliant move or a high-stakes bet on the economy?