Javed Mirza National Bank of Canada NA-T PAST TOP PICK Oct 17, 2024

Handily outperformed most of the other Big 6 for more than a decade. Boost in trading multiple well deserved. No quarrels investing with a 2-year timeframe. Yield's between 3-4%. 

Can't go wrong buying this one. One of his favourites in the space, along with BMO.

Doesn't own, but has no problems with this name in a portfolio.

Leader in Canadian banking stocks. Good capital decision making. Strong balance sheet. Recent share price weakness could be a good time to buy. Domestic banks are more exposed to weakness in Canadian economy. Does not own shares right now. 

Overall, banks should be correcting a little more than they are now. He sees some growth risks in Canada specifically. A bank like this, that's mostly exposed to the Canadian consumer and market, will have a bit of a correction if our economy is weaker.

Likes the name, but he'd wait for more of a drop before putting in new $$, perhaps another $10 lower.

If only he could roll back the time machine on his portfolio.... The bank that grew up and took a well-deserved seat at the big boys' table. Exceptional bank, packs a big punch in capital markets. Standout results. Purchase of CWB is a hand-in-glove fit, strategically sound, likely accretive. Lots of blue sky ahead, no qualms adding.

In his opinion, the only quality banks in Canada are RY and NA. Best run for decades. He's not a huge bull on the Canadian banks, but this is one of the two names he'd buy.

Likes it in general. Great platform and franchise. If economy is heading for a contraction (for whatever reason), this name doesn't have the geographic exposure of the other 5 banks. Mainly in Quebec; very small US and international footprint. Extremely good job of growing, so he wouldn't bet against management. It's a macro call.

Disclosure: his dealer custody is with NA. 

It had always traded at a discount to the big 5 banks but has started to trade in line. However he feels that it will go back to its historic range. He will continue to hold but not add.