Overall Fundamental outlook

Business Operations:

Sector: Financial Services
Industry: Banks - Regional

Canara Bank provides various banking products and services in India and internationally. It offers personal banking services, such as savings and deposits comprising savings accounts, current accounts, recurring deposits, and term deposits; unclaimed deposit; loan products, including home, vehicle, education, personal, mortgage, gold, MSME, corporate, agri, solar, rent, and cash loans; working capital, infrastructure, and export finance products; life, general, and health insurance products; depository services, merchant banking, and online trading; and mutual funds. The company also provides digital lending portal; mobile and internet banking; credit, debit, and prepaid cards; UPI and fastag; missed call banking; online account; and payment solutions; NRI banking accounts; remittance facilities; attorneyship service; and nomination facility. In addition, it offers supply chain finance management; syndication services; IPO monitoring services; safe deposit lockers; and consultancy services, which cover estate and wills, private and charitable trustee, debenture and security trusteeship, and attorney services. The company was incorporated in 1906 and is headquartered in Bengaluru, India.

Revenue projections:

Revenue projections for CANBK
Revenue projections for CANBK

Investors may react cautiously to news that CANBK's revenues are forecasted to be lower than last year's. Such declines are likely to have a negative effect on the company's bottom line, which can lead to concerns about profitability and hinder investor confidence in the company's future performance.

Financial Ratios:

currentRatio 0.000000
forwardPE 6.757403
debtToEquity 0.000000
earningsGrowth 0.158000
revenueGrowth 0.125000
grossMargins 0.000000
operatingMargins 0.368200
trailingEps 23.600000
forwardEps 18.930000

CANBK's positive earnings and revenue growth reflect an optimistic outlook for the company's future. The growth in these key areas indicates that CANBK is expected to continue expanding its business and boosting its financial performance in the coming periods.
CANBK's forward EPS being less than its trailing EPS indicates the company may be less profitable this year than last. This signals potential challenges in maintaining earnings growth and could lead to concerns about future performance.

Price projections:

Price projections for CANBK
Price projections for CANBK

The price of CANBK has often been situated close to the lower end of projections. This consistent trend may signal difficulties for the company in achieving investor expectations for future performance.

Recommendation changes over time:

Recommendations trend for CANBK
Recommendations trend for CANBK


Canara Bank has garnered a buy bias from analysts recently, suggesting the stock is a good investment opportunity. This may lead to increased investor interest, as Canara Bank is seen as a reliable place to park money for those looking to benefit from potential market gains and company growth.