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 forecasted to dip below last year's figures, raising concerns for investors who are typically wary of declining financial performance. Such drops can directly affect the company's bottom line, potentially leading to a decrease in overall profitability, making investors more cautious in their decisions.

Financial Ratios:

currentRatio 0.000000
forwardPE 6.214186
debtToEquity 0.000000
earningsGrowth -0.214000
revenueGrowth 0.128000
grossMargins 0.000000
operatingMargins 0.369120
trailingEps 20.400000
forwardEps 18.930000

CANBK's low earnings and revenue growth suggest shrinking profits. This negative trend could indicate that the company is struggling to maintain its financial performance and may face challenges ahead.
CANBK's negative gross and operating margins indicate that the company is not generating profit from either production or day-to-day operations. This could suggest cost overruns or declining revenue, impacting its financial stability.
Canara Bank's forward EPS is lower than its trailing EPS, indicating that the company is expected to be less profitable this year. This suggests a potential slowdown in financial performance.

Price projections:

Price projections for CANBK
Price projections for CANBK

The price of CANBK has regularly been close to the lower end of projections, suggesting that it might be struggling to meet market expectations. This trend raises questions about the company's future performance.

Recommendation changes over time:

Recommendations trend for CANBK
Recommendations trend for CANBK


Analysts are favoring CANBK with a buy bias, highlighting the stock's potential as a solid investment. This recommendation might drive more investors to consider CANBK as a secure and profitable option for their money, contributing to a broader positive sentiment in the market.