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

Canara Bank'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 5.855504
debtToEquity 0.000000
earningsGrowth 0.283000
revenueGrowth 0.076000
grossMargins 0.000000
operatingMargins 0.389810
trailingEps 19.350000
forwardEps 18.930000

CANBK's lower forward EPS compared to its trailing EPS indicates that the company may be less profitable in the upcoming year. This suggests a potential slowdown in earnings, which could be a sign of weaker financial performance ahead.

Price projections:

Price projections for CANBK
Price projections for CANBK

CANBK's price projections have been steadily revised down, pointing to declining confidence in the company's outlook. This suggests that analysts are becoming more conservative in their expectations for CANBK's future performance.

Recommendation changes over time:

Recommendations trend for CANBK
Recommendations trend for CANBK


With analysts showing a buy bias for CANBK, investors may be more inclined to see the stock as an attractive investment. The favorable outlook could spur increased interest, positioning CANBK as a safe and profitable place for investors to allocate their funds and seek growth.