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National Bank of Canada (T:NA)

Business Focus: Banks (NEC)

Sector:  Financials Industry:  Banks
 
Company Contact
Address: 600 De la Gauchetiere St W 7th Floor
MONTREAL QC H3B 4L2
Tel: N/A
Website: https://www.nbc.ca
IR: See website
Key People
Laurent Ferreira
President, Chief Executive Officer, Executive Director
Marie Chantal Gingras
Chief Financial Officer, Executive Vice President - Finance
Lucie Blanchet
Executive Vice President - Personal Banking and Client Experience
Etienne Dubuc
Executive Vice President - Financial Markets
Dominic Paradis
Senior Vice President, Legal Affairs and Corporate Secretary
 
Business Overview
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.
Financial Overview
For the three months ended 31 January 2024, National Bank of Canada interest income increased 24% to C$4.81B. Net interest income after loan loss provision decreased 38% to C$631M. Net income applicable to common stockholders increased 5% to C$885M. Net interest income after loan loss provision reflects Wealth Management segment decrease of 5% to C$198M. Net Income benefited from Other segment loss decrease of 24% to C$71M.
Employees: 28,730 as of Jan 31, 2024
Reporting Currency: Canadian Dollars
Enterprise value: $58,784M as of Jan 31, 2024
Annual revenue (TTM): $17,712M as of Jan 31, 2024
EBITDA (TTM): $7,919M as of Jan 31, 2024
Net annual income (TTM): $3,235M as of Jan 31, 2024
Free cash flow (TTM): -$3,508M as of Jan 31, 2024
Net Debt Last Fiscal Year: $17,525M as of Jan 31, 2024
Shares outstanding: 339,847,980 as of Apr 3, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization