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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  National Bank of Canada    NA   CA6330671034

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National Bank of Canada : National Bank Adjusts its Mortgage Rates

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08/23/2013 | 09:59pm CEST

National Bank Adjusts its Mortgage Rates

Montreal, 23 August 2013 - 

National Bank announced changes to its rates for residential mortgages. The new rates apply as of Friday, August 23, 2013.

TERM OLD RATE (%) NEW RATE (%) CHANGE
FIXED-RATE OPEN TERM
1 year open  6.300% 6.700% +0.400%
FIXED-RATE CLOSED TERM
3 year closed 3.750% 3.950% +0.200%
4 year closed 4.540% 4.740% +0.200%
5 year closed 5.140% 5.340% +0.200%

About National Bank of Canada
With $185 billion in assets as at April 30, 2013, National Bank of Canada (www.nbc.ca) together with its subsidiaries, forms one of Canada's leading integrated financial groups, and has been named among the 20 strongest banks in the world by Bloomberg Markets magazine. The Bank has close to 20,000 employees and is widely recognized as a top employer. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities via social media and learn more about its extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.

Information: (The telephone number provided below is for the exclusive use of journalists and other media representatives.) :

Jean-François Cadieux
Senior Manager - Public Affairs
National Bank
Tel.: 514-394-6500

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Financials ( CAD)
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EBIT 2017 2 895 M
Net income 2017 1 715 M
Debt 2017 -
Yield 2017 4,28%
P/E ratio 2017 10,55
P/E ratio 2018 9,90
Capi. / Sales 2017 2,71x
Capi. / Sales 2018 2,62x
Capitalization 18 181 M
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Mean consensus HOLD
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Average target price 59,6  CAD
Spread / Average Target 12%
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