Summary

  • National Bank of Canada offers financial services to individuals, businesses, institutional clients and governments across Canada.
  • National Bank of Canada is one of Canada’s six systemically important banks and among the most profitable banks on a global basis by return on equity.
  • The bank operate through three business segments in Canada—Personal and Commercial Banking, Wealth Management and Financial Markets.

NTIOF0.png

Company Overview

Founded in 1859, National Bank of Canada (TSX:NA, OTC:NTIOF) offers financial services to individuals, businesses, institutional clients and governments across Canada. National Bank of Canada is one of Canada’s six systemically important banks and among the most profitable banks on a global basis by return on equity.

The company operate through three business segments in Canada—Personal and Commercial Banking, Wealth Management and Financial Markets. A fourth segment— U.S. Specialty Finance and International—complements the growth of its domestic operations.

National Bank of Canada is a leading bank in its core Quebec market and also hold leadership positions across the country in selected activities.

The company strive to meet the highest standards of social responsibility while creating value for its shareholders. National Bank of Canada is proud to be recognized as an employer of choice and for promoting diversity and inclusion.

NTIOF2.jpg

Subsidiaries

National Bank is more than just a bank: it's an integrated financial group. Through its subsidiaries, the company offer a wide range of financial products and services.1

National Bank Trust

Established in 1927, this subsidiary specializes in trust services and wealth management.

National Bank Investments

In business since 1987, National Bank Investments is your best source for information on mutual funds.

Natbank

Have you ever wished you could pack up your National Bank branch and take it with you to Florida? Well now there's Natbank!

National Bank Financial

The result of the merger of Lévesque Beaubien Geoffrion with First Marathon, National Bank Financial offers full-service brokerage and investment counselling.

National Bank Direct Brokerage

For an experienced investor, National Bank Direct Brokerage offers efficient tools for obtaining market information, and savings on brokerage fees.

National Bank General Insurance

National Bank Insurance Firm

National Bank Life Insurance Company

NTIOF1.jpg

Industry Overview

Global Economy

After a strong rebound, the global economy appears to be losing steam. In Europe, a rise in the number of COVID-19 cases coupled with a spike in energy prices could certainly dampen consumer spending and business profitability. The news coming out of China has also been mixed. Given soaring electricity prices earlier this year, Beijing was forced to impose temporary power cuts, which obviously had repercussions on manufacturing operations. Now that the energy situation is improving, COVID-19 is limiting plant operations. The woes of the real estate sector, which is currently engaged in a painful debt reduction process, are also noteworthy. Despite these challenges, the global economy is still expected to grow by 4.0% in 2022, after posting 5.5% growth this year.2

U.S. economic growth slowed abruptly in the third quarter. While consumption of services continues to recover, residential investment and consumption of goods are pointing to more moderate trends after spectacular growth in the last few quarters. Weak consumer goods spending has been exacerbated by increasingly acute supply problems, especially in the automotive sector. While it is hard to predict when the supply chain bottlenecks will disappear, it appears likely that some production limitations will persist until some time in 2022. The company nonetheless remain confident that economic growth will accelerate in the final quarter of 2021 and that robust growth will continue in 2022. As National Bank of Canada has often mentioned in the past, U.S. households are doing very well, after accumulating huge amounts of excess savings since the onset of the pandemic. Their net worth has also risen significantly thanks to strong stock market performance and rising house prices. The company expect to see solid growth of 3.4% in 2022, following 5.5% growth in 2021.

Canadian Economy

Unlike the global economy, which appears to be slowing down, the Canadian economy is performing relatively well. Employment has returned to pre-pandemic levels in just under 19 months. That’s not only the fastest recovery seen in the past four recessions but also an outstanding performance compared to the U.S.—where employment levels remain at nearly 3% below the pre-recession peak. Canada’s private sector brought in 618,000 more workers between May and October—the largest increase ever seen excluding the post-lockdown reopening period in 2020. While an upsurge in raw material prices will continue to benefit the Canadian economy, supply chain disruptions and the resulting inflation are a risk in the current context. That said, the labour market recovery suggests that Canadian households are ready to stand on their own with no extraordinary government assistance. Substantial surplus savings have already been amassed (11.4% of GDP), helping to cushion the blow of the rising cost of living. The company therefore anticipate 4.9% and 3.8% growth in 2021 and 2022, respectively.

Quebec Economy

Due to high vaccination rates, the number of COVID-19 hospitalizations remains under control, making it possible to continue lifting some of the public health measures. While GDP has returned to above pre-pandemic levels, employment numbers still point to a slight shortfall that is expected to reverse in the coming months. In spite of all this, Quebec continues to post the lowest unemployment rate of the four largest provinces in a context of weak demographic growth. Home sales and housing starts recently became more tempered although levels remain high, on a historical basis, in a context where the number of houses for sale on the market remains limited. The company remain optimistic that Quebec will continue its economic recovery in 2022 given its highly diverse economy, the Quebec government’s fiscal leeway and the fact that Quebec households are in a stronger financial position than elsewhere in the country. More affordable housing prices are less vulnerable to a correction in the event of an interest rate hike. After an expected 6.4% growth in 2021, the Quebec economy should grow at a more moderate rate of 3.0% in 2022.

NTIOF4.jpeg

Business Segments

The Personal and Commercial segment meets the financial needs of close to 2.6 million individuals and over 140,000 businesses across Canada. These clients entrust the Bank to manage, invest, and safeguard their assets and to finance their projects. Clients turn to the Bank’s experienced advisors who take the time to understand their specific needs and help them reach their financial goals. And thanks to the Bank’s convenient self-banking channels, 384 branches and 927 banking machines across Canada, clients can do their daily banking whenever and wherever they wish.

Personal Banking

Personal Banking provides a complete range of financing and investment products and services, mainly in Quebec, to help clients reach their financial goals throughout every stage in their lives. It offers everyday transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, savings and investment solutions as well as a range of insurance products.

Commercial Banking

Commercial Banking serves the financial needs of small- and medium-sized enterprises (SMEs) and large corporations, helping them to achieve growth. It offers a full line of financial products and services, including credit, deposit, and investment solutions as well as international trade, foreign exchange transaction, payroll, cash management, insurance, electronic transaction, and complementary services. With deep roots in the business community for over 160 years, Commercial Banking is Quebec’s leading provider of the core banking products for businesses and is also known across Canada for its expertise in targeted specialized industries such as health, agriculture and agri-food, technology, creative industries, real estate, and energy.

NTIOF5.jpg

Financial Results

For fiscal 2021, the Bank’s net income totalled $3,177 million compared to $2,083 million in fiscal 2020, a 53% year-over-year increase that was due to a significant decrease in provisions for credit losses on non-impaired loans, as macroeconomic and credit conditions improved from fiscal 2020, and to a significant reduction in provisions for credit losses on impaired loans. Also contributing to the net income growth was the excellent performance turned in by all the Bank’s business segments, notably achieved through revenue growth. For fiscal 2021, specified items, net of income taxes, had a $7 million unfavourable impact on net income compared to a $133 million unfavourable impact in fiscal 2020. The fiscal 2021 specified item, net of income taxes, was a $7 million impairment loss on intangible assets. The fiscal 2020 specified items, net of income taxes, had consisted of a $36 million foreign currency translation loss on a disposal of subsidiaries, $52 million in impairment losses on premises and equipment and on intangible assets, $35 million in severance pay, and a $10 million charge related to Maple. For fiscal 2021, the Bank’s net income excluding specified items totalled $3,184 million, up 44% from $2,216 million in fiscal 2020.

Total Revenues

For fiscal 2021, the Bank’s total revenues amounted to $8,927 million, up $1.0 billion or 13% from $7,927 million in fiscal 2020. This increase was driven by revenue growth across all of the Bank’s business segments. In fiscal 2020, total revenues had included a $24 million foreign currency translation loss on a disposal of subsidiaries. The fiscal 2021 total revenues on a taxable equivalent basis and excluding specified items grew $900 million or 11% year over year.

Net Interest Income

For fiscal 2021, the Bank’s net interest income totalled $4,783 million, rising $528 million or 12% from $4,255 million in fiscal 2020. The fiscal 2021 net interest income on a taxable equivalent basis totalled $4,964 million compared to $4,463 million in fiscal 2020.

In the Personal and Commercial segment, the fiscal 2021 net interest income totalled $2,583 million, a $138 million or 6% increase driven mainly by growth in loans and deposits, which rose 9% and 14%, respectively, year over year. The growth in loans came mainly from mortgage credit and loans to businesses. The increase in the Personal and Commercial segment's net interest income was tempered by a lower net interest margin, which was 2.12% in fiscal 2021 versus 2.19% in fiscal 2020, as lower interest rates notably affected deposit margins. In the Wealth Management segment, the fiscal 2021 net interest income totalled $448 million, a 1% year-over-year increase owing to growth in loan volumes, tempered by a lower deposit margin.

In the Financial Markets segment, the fiscal 2021 net interest income on a taxable equivalent basis was up $280 million or 30% year over year, mainly due to trading activities, and should be examined together with the other items of trading activity revenues. In the USSF&I segment, the fiscal 2021 net interest income was up $100 million or 12% year over year, owing to growth in loan and deposit volumes at the Advanced Bank of Asia Limited (ABA Bank) subsidiary and to higher net interest income at the Credigy subsidiary given growth in loan portfolios and good performance in certain portfolios.

Non-Interest Income

For fiscal 2021, the Bank’s non-interest income totalled $4,144 million versus $3,672 million in fiscal 2020. The fiscal 2020 non-interest income had included a $24 million foreign currency translation loss on a disposal of subsidiaries. The Bank’s non-interest income on a taxable equivalent basis and excluding specified items amounted to $4,152 million in fiscal 2021 compared to $3,753 million in fiscal 2020

For fiscal 2021, revenues from underwriting and advisory fees rose 32% year over year, notably due to capital markets activities and merger and acquisition activities in the Financial Markets segment. Revenues from securities brokerage commissions rose 17% year over year given growth in transaction volume during fiscal 2021. Combined, mutual fund revenues and revenues from investment management and trust service fees totalled $1,463 million in fiscal 2021, a $251 million year-over-year increase owing to growth in assets under administration and under management as a result of net inflows into various solutions and of stronger stock market performance in fiscal 2021.

Revenues from credit fees and revenues from acceptances and letters of credit and guarantee grew $39 million compared to fiscal 2020 due to greater credit activity in Commercial Banking and the Financial Markets segment. Also during fiscal 2021, card revenues and revenues from deposits and payment service charges rose 7% and 5%, respectively, as economic activity gradually rebounded and produced greater transaction volume in fiscal 2021, i.e., volume that had fallen in 2020 given the impacts of the COVID-19 pandemic on certain sectors of the economy and on consumer spending habits.

Trading revenues recorded in non-interest income amounted to $268 million in fiscal 2021 compared to $544 million in fiscal 2020. Trading revenues on a taxable equivalent basis(1) recorded in non-interest income amounted to $276 million in fiscal 2021, down from $601 million in fiscal 2020. Including the portion recorded in net interest income, trading activity revenues on a taxable equivalent basis(1) amounted to $1,238 million in fiscal 2021, a $168 million year-over-year decrease (Table 5, page 117) attributable to decreases in revenues from equity securities and fixed-income securities as well as in revenues from commodities and foreign exchange activities of the Financial Markets segment. The trading activity revenues on a taxable equivalent basis of the other segments also decreased year over year.

In fiscal 2021, gains on non-trading securities rose $58 million year over year, mainly due to Treasury activities. The fiscal 2021 foreign exchange revenues and insurance revenues rose $38 million and $3 million, respectively, year over year. The share in the net income of associates and joint ventures was down $5 million. Other non-interest income amounted to $325 million in fiscal 2021, a $207 million increase that was mainly due to a gain realized on the disposal of certain loan portfolios in fiscal 2021 as well as to favourable impacts of a fair value remeasurement of certain Credigy loan portfolios, of gains on investments, and of a $33 million gain on a remeasurement of the previously held equity interest in Flinks. These favourable factors were tempered by a $30 million loss related to a fair value measurement of the Bank’s equity interest in AfrAsia Bank Limited (AfrAsia). In fiscal 2020, other revenues had also included a $24 million foreign currency translation loss on a disposal of subsidiaries.

Non-Interest Expenses

For fiscal 2021, non-interest expenses stood at $4,853 million, up $308 million from fiscal 2020 (Table 6, page 118). These 2021 non-interest expenses included $9 million in impairment losses on intangible assets. In fiscal 2020, non-interest expenses had included $71 million in impairment losses on premises and equipment and on intangible assets, $48 million in severance pay, and a $13 million charge related to Maple. The fiscal 2021 non-interest expenses excluding specified items stood at $4,844 million, up $431 million or 10% year over year.

For fiscal 2021, compensation and employee benefits stood at $3,027 million, a 12% year-over-year increase that was essentially attributable to higher variable compensation associated with revenue growth. An increase in technology expenses, including amortization, came from significant technology investments made by the Bank for its transformation plan and for business development purposes. These increases were tempered, however, by decreases in certain variable expenses, in particular the compensatory tax on salaries, as well as in the expenses incurred by the Bank to take measures in response to COVID-19.

Income Taxes

Detailed information about the Bank’s income taxes is provided in Note 24 to the consolidated financial statements. For fiscal 2021, income taxes stood at $895 million, representing an effective tax rate of 22% compared to $453 million and an effective tax rate of 18% in fiscal 2020. This change in the effective tax rate stems from a higher level and proportion of tax-exempt dividend income in fiscal 2020 as well as from a decrease in the income tax rate applicable to the ABA Bank subsidiary in 2020 due to tax incentive measures granted by the Cambodian government.

NTIOF3.jpg

First Quarter 2022

February 25, 2022; For the first quarter of 2022, National Bank is reporting net income of $932 million compared to $761 million in the first quarter of 2021. First-quarter diluted earnings per share stood at $2.65 compared to $2.15 in the first quarter of 2021. This growth was driven by year-overyear increases in the first-quarter total revenues of all the business segments, by reversals of allowances for credit losses on non-impaired loans given improvements in the macroeconomic outlook and in credit conditions, and by a reduction in provisions for credit losses on impaired loans. Income before provisions for credit losses and income taxes totalled $1,189 million in the first quarter of 2022 compared to $1,044 million in the first quarter of 2021, a 14% increase arising from good performance across all of the business segments.3

“The Bank is entering fiscal 2022 on a positive note thanks to excellent performance by its business segments, strong regulatory capital, and adequate allowances for credit losses,” said Laurent Ferreira, President and Chief Executive Officer of National Bank of Canada. “Solid revenue growth helped the Bank achieve a high return on equity in the first quarter,” added Mr. Ferreira.

For the first quarter of 2022, the Bank is reporting net income of $932 million compared to $761 million in the first quarter of 2021. First-quarter diluted earnings per share stood at $2.65 compared to $2.15 in the first quarter of 2021. This growth was driven by year-over-year increases in the first-quarter total revenues of all the business segments, by reversals of allowances for credit losses on non-impaired loans given improvements in the macroeconomic outlook and in credit conditions, and by a reduction in provisions for credit losses on impaired loans. Income before provisions for credit losses and income taxes totalled $1,189 million in the first quarter of 2022 compared to $1,044 million in the first quarter of 2021, a 14% increase arising from good performance across all of the business segments.

For the first quarter of 2022, the Bank’s total revenues amounted to $2,466 million, up $242 million or 11% from the same quarter of 2021. In the Personal and Commercial segment, first-quarter total revenues rose 9% year-over-year owing to loan and deposit growth (tempered by a lower net interest margin) as well as to increases in credit card revenues, insurance revenues, revenues from bankers’ acceptances, and internal commission revenues related to the distribution of Wealth Management products. In the Wealth Management segment, first-quarter total revenues grew 14% year over year, resulting mainly from an increase in fee-based revenues related to growth in average assets under administration and under management. In the Financial Markets segment, firstquarter total revenues on a taxable equivalent basis increased by 11% year over year due to an increase in global markets revenues, tempered by a decrease in corporate and investment banking revenues. In the USSF&I segment, first-quarter total revenues were up 4% year over year owing to a sustained increase in ABA Bank’s revenues as a result of business growth, partly offset by a decrease in Credigy’s revenues, notably due to downward remeasurements of certain loan portfolios that had been remeasured upward during the first quarter in 2021. In addition, during the first quarter of 2021, a gain had been realized upon a disposal of Credigy loan portfolios. For the Other heading of segment results, total revenues in the first quarter of 2022 included higher gains on investments than those recorded in first-quarter 2021.

References

  1. ^ https://www.nbc.ca/en/about-us/our-organization/network-and-subsidiaries/subsidiaries.html
  2. ^ https://www.nbc.ca/content/dam/bnc/a-propos-de-nous/relations-investisseurs/assemblee-annuelle/2022/na-2021-annual-report.pdf
  3. ^ https://www.nbc.ca/content/dam/bnc/a-propos-de-nous/relations-investisseurs/resultats-trimestriels/2022/report-shareholder-q1-2022.pdf
Tags: US:NTIOF CA:NA
Created by Asif Farooqui on 2022/03/18 09:44
     

Become a Contributor

If you follow a company closely and would like to share your knowledge, we would love your contributions. Register Now and start editing!

Tag Cloud

  1. AU:BHP
  2. AU:DTL
  3. AU:PNC
  4. AU:SSR
  5. Bangladesh
  6. BD:ACI
  7. BD:AMCL(PRAN)
  8. BD:BATBC
  9. BD:BERGERPBL
  10. BD:BEXIMCO
  11. BD:BRACBANK
  12. BD:BSRMLTD
  13. BD:GP
  14. BD:KOHINOOR
  15. BD:LANKABAFIN
  16. BD:MARICO
  17. BD:PREMIERCEM
  18. BD:RBBL
  19. BD:RENATA
  20. BD:ROBI
  21. BD:SINGERBD
  22. BD:SQURPHARMA
  23. BD:WALTONHIL
  24. CA:ABX
  25. CA:AC
  26. CA:AEM
  27. CA:AFI
  28. CA:AGI
  29. CA:AQN
  30. CA:BAM.A
  31. CA:BCE
  32. CA:BHC
  33. CA:BLDP
  34. CA:BMO
  35. CA:BNS
  36. CA:BTO
  37. CA:CCO
  38. CA:CM
  39. CA:CNQ
  40. CA:CNR.TO
  41. CA:CP
  42. CA:CSU
  43. CA:CU
  44. CA:CVE
  45. CA:EMA
  46. CA:ENB
  47. CA:FFH
  48. CA:FM
  49. CA:FSV
  50. CA:FTS
  51. CA:GFL
  52. CA:GIB
  53. CA:GWO
  54. CA:H
  55. CA:IFC
  56. CA:IMO
  57. CA:K
  58. CA:LULU
  59. CA:MFC
  60. CA:MG
  61. CA:MRU
  62. CA:MX
  63. CA:NA
  64. CA:NG
  65. CA:NTR
  66. CA:OTEX
  67. CA:POW
  68. CA:PPL
  69. CA:PVG
  70. CA:QSR
  71. CA:RBA
  72. CA:RCI.A
  73. CA:RY
  74. CA:SHOP
  75. CA:SJR.B
  76. CA:SLF
  77. CA:SSRM
  78. CA:STN
  79. CA:SU
  80. CA:T
  81. CA:TA
  82. CA:TARD
  83. CA:TD
  84. CA:TECK
  85. CA:TFII
  86. CA:TRI
  87. CA:TRP
  88. CA:WEED
  89. CA:WN
  90. CA:WPM
  91. CA:WSP
  92. CA:X
  93. CA:YRI
  94. Canada
  95. CH:ALSN
  96. CH:NESN
  97. CIPLA
  98. DE:TIMA
  99. EU:CCAP
  100. EU:HHFA
  101. FR:CEN
  102. FR:HCO
  103. GB:AAL
  104. GB:ABDN
  105. GB:ABF
  106. GB:ADM
  107. GB:AHT
  108. GB:ANTO
  109. GB:AUTO
  110. GB:AUY
  111. GB:AV
  112. GB:AVST
  113. GB:AVV
  114. GB:AZN
  115. GB:BA
  116. GB:BARC
  117. GB:BATS
  118. GB:BDEV
  119. GB:BHP
  120. GB:BME
  121. GB:BP
  122. GB:CCH
  123. GB:CPG
  124. GB:CTO
  125. GB:DARK
  126. GB:DGE
  127. GB:FERG
  128. GB:GLEN
  129. GB:HL
  130. GB:HSBA
  131. GB:IHG
  132. GB:III
  133. GB:IMB
  134. GB:INCH
  135. GB:NWG
  136. GB:NXR
  137. GB:OCDO
  138. GB:REL
  139. GB:RIO
  140. GB:RKT
  141. GB:SGE
  142. GB:SGRO
  143. GB:SKG
  144. GB:SMIN
  145. GB:SN
  146. GB:STAN
  147. GB:STJ
  148. GB:WPP
  149. Great Britain
  150. HK:0995
  151. HK:1052
  152. HK:107
  153. HK:189
  154. HK:548
  155. HK:819
  156. HK:995
  157. IN:3MINDIA
  158. IN:ADANITRANS
  159. IN:BHARATFORG
  160. IN:CIPLA
  161. IN:CROMPTON
  162. IN:GODREJIND
  163. IN:HDFCAMC
  164. IN:IDEA
  165. IN:INDUSTOWER
  166. IN:LICI
  167. IN:LUPIN
  168. IN:LUPINE
  169. IN:MFSL
  170. IN:MOFSL
  171. IN:MOTHERSUMI
  172. IN:MUTHOOTFIN
  173. IN:NATCOPHARM
  174. IN:NATIONALUM
  175. IN:NBCC
  176. IN:NESTLEIND
  177. IN:NIACL
  178. IN:NMDC
  179. IN:OBEROIRLTY
  180. IN:OFSS
  181. IN:PAGEIND
  182. IN:PAYTM
  183. IN:PEL
  184. IN:PETRONET
  185. IN:PFIZER
  186. IN:PGHH
  187. IN:PIDILITIND
  188. IN:PIIND
  189. IN:PNB
  190. IN:PNBHOUSING
  191. IN:POWERGRID
  192. IN:QUESS
  193. IN:RAMCOCEM
  194. IN:RELAXO
  195. IN:SAIL
  196. IN:SANOFI
  197. IN:SBILIFE
  198. IN:SIEMENS
  199. IN:SRF
  200. IN:SUPREMEIND
  201. IN:TATAPOWER
  202. IN:TECHM
  203. IN:TITAN
  204. IN:TORNTPHARM
  205. IN:TORNTPOWER
  206. IN:TRENT
  207. IN:TVSMOTOR
  208. IN:UBL
  209. IN:ULTRACEMCO
  210. IN:UNIONBANK
  211. IN:UPL
  212. IN:VBL
  213. IN:WHIRLPOOL
  214. IN:ZEEL
  215. India
  216. Ireland
  217. JP:1070
  218. JP:2654
  219. JP:4220
  220. JP:4734
  221. JP:6916
  222. SG:BCY
  223. SG:F13
  224. UK:IHG
  225. US:AABA
  226. US:AAOI
  227. US:AAPL
  228. US:AAUKF
  229. US:ABEO
  230. US:ABUS
  231. US:ACAD
  232. US:ACAN
  233. US:ACBFF
  234. US:ACDVF
  235. US:ACHN
  236. US:ACIA
  237. US:ACRX
  238. US:ADAP
  239. US:ADMP
  240. US:ADMS
  241. US:ADXS
  242. US:AEM
  243. US:AEZS
  244. US:AFMD
  245. US:AGEN
  246. US:AGI
  247. US:AGRX
  248. US:AGTK
  249. US:AKAO
  250. US:ALDR
  251. US:ALIM
  252. US:ALQA
  253. US:AMC
  254. US:AMD
  255. US:AMDA
  256. US:AMIGF
  257. US:AMMJ
  258. US:AMN
  259. US:AMPE
  260. US:AMRN
  261. US:AMRS
  262. US:AMZN
  263. US:ANCUF
  264. US:ANFGF
  265. US:ANLDF
  266. US:ANTH
  267. US:ANY
  268. US:APHQF
  269. US:AQMS
  270. US:AQN
  271. US:AQSZF
  272. US:ARDX
  273. US:ARGS
  274. US:ARLZ
  275. US:ARNA
  276. US:ARRY
  277. US:ARWR
  278. US:ASBFF
  279. US:ASHTF
  280. US:ATDRY
  281. US:ATHX
  282. US:ATNM
  283. US:ATOS
  284. US:ATRS
  285. US:AUPH
  286. US:AUY
  287. US:AVASF
  288. US:AVEO
  289. US:AVEVF
  290. US:AVGR
  291. US:AVIR
  292. US:AVP
  293. US:AVVIY
  294. US:AVXL
  295. US:AXON
  296. US:AXSM
  297. US:AZN
  298. US:BABA
  299. US:BAC
  300. US:BAESF
  301. US:BAM
  302. US:BBRY
  303. US:BCE
  304. US:BCOR
  305. US:BCS
  306. US:BHP
  307. US:BIOA
  308. US:BIOC
  309. US:BLCM
  310. US:BLDP
  311. US:BLEVF
  312. US:BLOZF
  313. US:BLPH
  314. US:BLRX
  315. US:BMO
  316. US:BMRPF
  317. US:BNS
  318. US:BP
  319. US:BPMX
  320. US:BSTG
  321. US:BTDPF
  322. US:BTE
  323. US:BTG
  324. US:BTI
  325. US:BW
  326. US:BZUN
  327. US:CALA
  328. US:CANN
  329. US:CAPR
  330. US:CARA
  331. US:CASC
  332. US:CATB
  333. US:CBDS
  334. US:CCJ
  335. US:CEI
  336. US:CERC
  337. US:CERU
  338. US:CHK
  339. US:CIE
  340. US:CLDX
  341. US:CLF
  342. US:CLOV
  343. US:CLSN
  344. US:CLVS
  345. US:CM
  346. US:CMPGF
  347. US:CNAB
  348. US:CNAT
  349. US:CNBX
  350. US:CNI
  351. US:CNQ
  352. US:CNSWF
  353. US:CORT
  354. US:CP
  355. US:CPRX
  356. US:CRBP
  357. US:CRIS
  358. US:CRMD
  359. US:CTRV
  360. US:CU
  361. US:CUR
  362. US:CVE
  363. US:CVSI
  364. US:CYCC
  365. US:CYTR
  366. US:CYTX
  367. US:DCTH
  368. US:DEPO
  369. US:DGEAF
  370. US:DMPI
  371. US:DRKTF
  372. US:DRYS
  373. US:DVAX
  374. US:DXTR
  375. US:DYLLF
  376. US:EARS
  377. US:ECYT
  378. US:EDIT
  379. US:EGLT
  380. US:EKSO
  381. US:ELVT
  382. US:ENB
  383. US:ENDP
  384. US:ENRT
  385. US:ETRM
  386. US:EVC
  387. US:EXEL
  388. US:FATE
  389. US:FB
  390. US:FERG
  391. US:FINL
  392. US:FIT
  393. US:FLXN
  394. US:FOLD
  395. US:FQVLF
  396. US:FRFHF
  397. US:FSV
  398. US:FTR
  399. US:FTS
  400. US:FVE
  401. US:FWDG
  402. US:GALE
  403. US:GALT
  404. US:GBHPF
  405. US:GBT
  406. US:GERN
  407. US:GFL
  408. US:GIB
  409. US:GILD
  410. US:GLDFF
  411. US:GLEN
  412. US:GLYC
  413. US:GME
  414. US:GNCA
  415. US:GNMX
  416. US:GOLD
  417. US:GPRO
  418. US:GSAT
  419. US:GVXXF
  420. US:GWLIFU
  421. US:HLTH
  422. US:HMNY
  423. US:HRGLF
  424. US:HRNNF
  425. US:HRTX
  426. US:HSBA
  427. US:HTGM
  428. US:HTZ
  429. US:HUSA
  430. US:ICPT
  431. US:IDRA
  432. US:IDXG
  433. US:IFCZF
  434. US:IHG
  435. US:IMBBF
  436. US:IMGN
  437. US:IMMU
  438. US:IMNP
  439. US:IMO
  440. US:IMUC
  441. US:INFI
  442. US:INPX
  443. US:INSM
  444. US:INVA
  445. US:ITEK
  446. US:IVITF
  447. US:JD
  448. US:JOBS
  449. US:JVA
  450. US:KAYS
  451. US:KEM
  452. US:KERX
  453. US:KGC
  454. US:KTOS
  455. US:KTOV
  456. US:LKM
  457. US:LODE
  458. US:LPCN
  459. US:LULU
  460. US:LXRP
  461. US:MACK
  462. US:MARA
  463. US:MBOT
  464. US:MBRX
  465. US:MDCL
  466. US:MDCO
  467. US:MEET
  468. US:MEIP
  469. US:MEOH
  470. US:MFC
  471. US:MGA
  472. US:MGWFF
  473. US:MNKD
  474. US:MOMO
  475. US:MQPXF
  476. US:MRNS
  477. US:MRTX
  478. US:MSFT
  479. US:MTRAFU
  480. US:MU
  481. US:MVIS
  482. US:MZOR
  483. US:NAK
  484. US:NBEV
  485. US:NBRV
  486. US:NEOS
  487. US:NG
  488. US:NH
  489. US:NLNK
  490. US:NMUS
  491. US:NTIOF
  492. US:NTNX
  493. US:NTR
  494. US:NVAX
  495. US:NVCN
  496. US:NVDA
  497. US:NVRO
  498. US:NWBO
  499. US:NWG
  500. US:NXTTF
  501. US:NYMX
  502. US:OCDGF
  503. US:OCLR
  504. US:OCUL
  505. US:OGRMF
  506. US:OMER
  507. US:ONCS
  508. US:ONTX
  509. US:ONVO
  510. US:OPGN
  511. US:OPHT
  512. US:OPK
  513. US:OPTT
  514. US:OTEX
  515. US:OTIC
  516. US:P
  517. US:PANXF
  518. US:PBA
  519. US:PBYI
  520. US:PETS
  521. US:PETX
  522. US:PGNX
  523. US:PHOT
  524. US:PIRS
  525. US:PLSE
  526. US:PLUG
  527. US:PLX
  528. US:PRTO
  529. US:PSDV
  530. US:PTI
  531. US:PTN
  532. US:PTX
  533. US:PUFXF
  534. US:PULM
  535. US:PVG
  536. US:QRSRF
  537. US:QSR
  538. US:RAD
  539. US:RBA
  540. US:RBGPF
  541. US:RCI
  542. US:RCKT
  543. US:RDHL
  544. US:RDUS
  545. US:RELX
  546. US:REPH
  547. US:RGLS
  548. US:RIGL
  549. US:RIO
  550. US:RNN
  551. US:RNVA
  552. US:ROX
  553. US:RSSFF
  554. US:RTTR
  555. US:RY
  556. US:SCYX
  557. US:SDRL
  558. US:SEGXF
  559. US:SENS
  560. US:SESN
  561. US:SGBY
  562. US:SGGEF
  563. US:SGMO
  564. US:SGYP
  565. US:SHOP
  566. US:SJR
  567. US:SKLN
  568. US:SLF
  569. US:SLFPF
  570. US:SMFTF
  571. US:SMGKF
  572. US:SNAP
  573. US:SNN
  574. US:SPHS
  575. US:SPLIF
  576. US:SPRWF
  577. US:SQ
  578. US:SRNA
  579. US:SRNE
  580. US:SRRA
  581. US:SSRM
  582. US:STJPF
  583. US:STLY
  584. US:STML
  585. US:STMP
  586. US:STN
  587. US:STRRF
  588. US:SU
  589. US:SWN
  590. US:SYN
  591. US:TAC
  592. US:TBQBF
  593. US:TD
  594. US:TECK
  595. US:TENX
  596. US:TEVA
  597. US:TFII
  598. US:TGOPF
  599. US:TGTX
  600. US:THCBF
  601. US:TK
  602. US:TMXXF
  603. US:TNDM
  604. US:TOP
  605. US:TRI
  606. US:TROV
  607. US:TRP
  608. US:TRTC
  609. US:TRVN
  610. US:TRXC
  611. US:TSG
  612. US:TSLA
  613. US:TTM
  614. US:TTNP
  615. US:TTNQY
  616. US:TU
  617. US:TVTY
  618. US:TWTR
  619. US:TXMD
  620. US:UBQU
  621. US:UNXL
  622. US:VAPE
  623. US:VBLT
  624. US:VCEL
  625. US:VDQSF
  626. US:VPCO
  627. US:VSTM
  628. US:WIT
  629. US:WLDFF
  630. US:WLL
  631. US:WMIH
  632. US:WMT
  633. US:WPM
  634. US:WPP
  635. US:WSPOF
  636. US:XGTI
  637. US:XON
  638. US:XTNT
  639. US:XXII
  640. US:ZGNX
  641. US:ZSAN
  642. US:ZYNE
This site is funded and maintained by Fintel.io