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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)
Sales 2017 6 661 M
EBIT 2017 3 637 M
Net income 2017 1 728 M
Debt 2017 -
Yield 2017 4,04%
P/E ratio 2017 11,07
P/E ratio 2018 10,44
Capi. / Sales 2017 2,88x
Capi. / Sales 2018 2,77x
Capitalization 19 195 M
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Mean consensus HOLD
Number of Analysts 12
Average target price 60,7  CAD
Spread / Average Target 7,7%
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NameTitle
Louis Vachon President, Chief Executive Officer & Director
Jean Houde Chairman
Brigitte Hébert Executive Vice President-Operations
Ghislain Parent CFO, Executive Vice President-Finance & Treasury
Dominique Fagnoule Executive Vice President-Information Technology
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