TSE:NA

National Bank of Canada (NA.TO)

217.91
+0.01 (0.00%)
as of Sep 4, 2026, 8:00:00 pm Market Open.
549 watching
0
Investor Insights
star iconSep 5, 2026, 12:00 am

This summary was created by AI, based on 13 opinions in the last 12 months.

Experts have a generally positive outlook on the National Bank of Canada (NA), highlighting its strong position in the wealth management sector and the benefits of its recent acquisition of Canadian Western Bank (CWB). With a focus on high recurring fees and a diversified national presence, NA is well-positioned for future growth. While some experts express caution about high P/E ratios and potential economic risks, they also recognize the potential for double-digit earnings growth and increasing dividends. The bank's performance amidst market volatility and its strategic positioning make it an attractive long-term investment. However, a few analysts are starting to take profits, indicating a cautious approach as the sector's valuations reach historic highs.

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Consensus
Positive
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Valuation
Overvalued
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Similar
TD,TDC
HOLD
Feels this one is underrated as a bank. It's an outstanding bank. More about pure domestic play than many of the others. Don't read too much into the share price movement in the last little while.
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.
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