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

CANBK's revenue is projected to decrease from last year, a development that could lead investors to adopt a more cautious approach. A revenue decline can negatively affect profitability, signaling challenges for the company and making it less attractive for those seeking solid financial performance.

Financial Ratios:

currentRatio 0.000000
forwardPE 7.030971
debtToEquity 0.000000
earningsGrowth 0.158000
revenueGrowth 0.125000
grossMargins 0.000000
operatingMargins 0.368200
trailingEps 23.610000
forwardEps 21.591610

CANBK's positive earnings and revenue growth indicate that the company is well-positioned for business expansion. This growth suggests a strong financial trajectory, with CANBK expected to continue increasing its profits and revenue in the coming periods.
CANBK's forward EPS falling below its trailing EPS suggests the company is expected to be less profitable this year. This signals a potential decline in earnings, which may raise concerns about CANBK's financial future.

Price projections:

Price projections for CANBK
Price projections for CANBK

The price of Canara Bank 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


Analysts have been favoring Canara Bank with a buy bias recently, signaling a promising investment opportunity. This optimistic outlook may attract more investors, positioning Canara Bank as a desirable option for those seeking to invest their money in a stable, profitable company with strong growth potential.