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TSE:NA

National Bank of Canada (NA.TO)

221.68
+1.27 (0.58%)
as of Jun 19, 2026, 8:00:00 pm Market Open.
549 watching
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Investor Insights
star iconJun 19, 2026, 12:00 am

This summary was created by AI, based on 12 opinions in the last 12 months.

Experts have a generally positive outlook on the National Bank of Canada (NA), highlighting its strong focus on wealth management and capital markets, which have proven lucrative amid market volatility. Analysts appreciate the bank's recent acquisitions, particularly that of Canadian Western Bank, which enhances its national presence and cross-selling opportunities. Despite a backdrop of economic concerns including high P/E ratios and the potential for a recession or credit cycle, many believe NA is well-positioned for long-term growth with expected double-digit earnings growth and a possible increase in dividends. Overall, while there are cautionary notes regarding high valuations and market conditions, the sentiment leans towards viewing NA as a strong player in the Canadian banking sector with a strong potential for continued profitability.

consensus icon
Consensus
Positive
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Valuation
Fair Value
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Similar
TD,TD
PAST TOP PICK
(A Top Pick Aug 22/11. Up 16.57%.) Still outperforming from a fundamental point of view.
BUY
Did not raise its dividend last quarter but raised twice last year. Did some interesting acquisitions. They are getting bigger into wealth management and into Anglophone Canada. Likes BNS, TD and then NA in that order.
BUY
He looks for management teams that don’t make mistakes, and that stick to their strategy, like with this company.
TOP PICK
Pretty much all of the banks had good earnings this quarter and this one was one of the strongest. Likes their wealth management business. Very cost effective branch runners. Have a pretty good security business. All they do is make money and raise their dividends. Trading at a bit of a discount to the rest of the industry.
BUY
His model price is $76.26, a 16% upside. All of the other banks are pretty well at or above their model price.
BUY
Have recently been expanding some of their wealth management operations out West. Very well-managed. Dividend is about 2.84%. For a longer-term play, you could look at this at current levels.
WEAK BUY
He would buy this if he buying banks, which he isn’t. Collect your dividend until January at which time it could move. It is his favourite of the Canadian banks.
TOP PICK
Final bidder to buy HsBC’s brokerage business. Likes this. They are now moving beyond the Quebec borders with their purchase of Wellington West a few months ago. Expect they will continue to expand their wealth management business, which has higher margins than retail banking.
PAST TOP PICK
(A Top Pick Aug 25/10. Up 33.33%.)
TOP PICK
The strongest bank fundamentally. Trying to buy at around the $70 level.
TOP PICK
Have done a tremendous job in managing their Canadian assets including the wealth management, the branch network and the stock brokerage. Beat earnings expectations. Raised their dividends.
PAST TOP PICK
(Top Pick Aug 15/10, Up 43.33%) It was primarily a domestic bank that got beat up.
PAST TOP PICK
(A Top Pick May 10/10. Up 36.81%.) Still one of his favourites. Great dividend and growth potential.
BUY
If you look at Canadian bank stocks, they look expensive, but if you look at them on a valuation basis, they are cheap. He would buy NA or BNS and tuck it away for many years.
HOLD
Raised its dividend earlier this year and will probably raise it again later in the year. Could under perform the other banks later on because it is conservative and didn’t have to write off a lot of loans. Likes their domestic exposure and their wealth management exposure. Good long-term hold.
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