National Historical Income Statement
| NA Stock | CAD 128.79 2.58 1.96% |
Historical analysis of National Bank income statement accounts such as Total Revenue of 11.8 B can show how well National Bank of performed in making a profits. Evaluating National Bank income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of National Bank's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining National Bank latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether National Bank is a good buy for the upcoming year.
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About National Income Statement Analysis
National Bank Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to National Bank shareholders. The income statement also shows National investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
National Bank Income Statement Chart
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Total Revenue
Total revenue comprises all receipts National Bank generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of National Bank of minus its cost of goods sold. It is profit before National Bank operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of National Bank. It is also known as National Bank overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from National Bank's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into National Bank current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Bank of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, National Bank's Total Operating Expenses is very stable compared to the past year. As of the 19th of January 2025, Income Before Tax is likely to grow to about 4.8 B, while Operating Income is likely to drop about 3.7 B.
| 2021 | 2022 | 2024 | 2025 (projected) | Interest Expense | 4.3B | 13.2B | 15.2B | 15.9B | Depreciation And Amortization | 481M | 524M | 602.6M | 632.7M |
National Bank income statement Correlations
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National Bank Account Relationship Matchups
High Positive Relationship
High Negative Relationship
National Bank income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Depreciation And Amortization | 448M | 456M | 481M | 524M | 602.6M | 632.7M | |
| Interest Expense | 3.3B | 2.2B | 4.3B | 13.2B | 15.2B | 15.9B | |
| Selling General Administrative | 2.7B | 3.0B | 3.3B | 1.3B | 1.5B | 1.8B | |
| Total Revenue | 7.9B | 8.9B | 9.6B | 9.8B | 11.2B | 11.8B | |
| Gross Profit | 7.9B | 8.9B | 9.6B | 10.2B | 11.7B | 12.3B | |
| Other Operating Expenses | 5.4B | 4.8B | 1.1B | 5.1B | 5.9B | 6.2B | |
| Operating Income | 2.5B | 4.1B | 8.6B | 4.6B | 5.3B | 3.7B | |
| Ebit | 2.5B | 4.0B | 4.2B | 4.0B | 4.6B | 2.6B | |
| Ebitda | 3.0B | 4.5B | 4.7B | 4.5B | 5.2B | 2.8B | |
| Total Operating Expenses | (5.4B) | (4.8B) | (1.1B) | 5.1B | 4.6B | 4.8B | |
| Income Before Tax | 2.5B | 4.1B | 4.3B | 4.0B | 4.6B | 4.8B | |
| Total Other Income Expense Net | (553M) | (439M) | (413M) | (671M) | (771.7M) | (810.2M) | |
| Net Income | 2.0B | 3.1B | 3.4B | 3.3B | 3.8B | 4.0B | |
| Income Tax Expense | 453M | 895M | 894M | 637M | 732.6M | 769.2M | |
| Net Income From Continuing Ops | 2.1B | 3.2B | 3.4B | 3.3B | 3.8B | 2.5B | |
| Net Income Applicable To Common Shares | 2.1B | 1.9B | 3.0B | 3.3B | 3.8B | 2.2B | |
| Minority Interest | 3M | (2M) | 1M | 2M | 1.8M | 1.7M | |
| Tax Provision | 453M | 895M | 894M | 637M | 732.6M | 590.1M | |
| Net Interest Income | 4.3B | 4.8B | 5.3B | 3.6B | 4.1B | 4.2B | |
| Interest Income | 7.6B | 7.0B | 9.5B | 16.8B | 19.3B | 20.3B | |
| Reconciled Depreciation | 328M | 448M | 481M | 524M | 602.6M | 458.1M |
Pair Trading with National Bank
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if National Bank position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in National Bank will appreciate offsetting losses from the drop in the long position's value.Moving against National Stock
The ability to find closely correlated positions to National Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Bank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back National Bank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling National Bank of to buy it.
The correlation of National Bank is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as National Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for National Bank can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in National Stock
National Bank Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to National Bank shareholders. The income statement also shows National investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).