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TSE:NA

National Bank of Canada (NA.TO)

223.39
+2.98 (1.35%)
as of Jun 19, 2026, 4:22:05 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.

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Consensus
Positive
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Valuation
Fair Value
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Similar
TD,TD
BUY
Canadian banks are the healthiest in the world. Didn’t take on the same amount of risk as the rest of the world. If you are a long-term (3-5 years) investor, you are ok in banks. National is only one they buy. No Canadian banks are cutting dividends.
TOP PICK
Profits increased the best in North America at 18% last quarter. Not an exciting growth story but has always traded at a lower multiple than others and had to pay a higher dividend to attract stockholders. 4.75% dividend.
COMMENT
This is probably the bank that looks the most defensive at this time. This may ultimately be one of the better places to go. Still not rushing out to look at banks at this time.
PAST TOP PICK
(A Top Pick July 17/07. Down 12%.) Had a problem with asset backed commercial paper. When this is cleaned up, probably midsummer, it should go back up. Earnings were the best of all 6 big banks. Attractive dividend that is sustainable. Very good Buy right now.
BUY
Likes the overall Canadian financial sector. Canadian banks have higher ROE’s than most of their global peers.
SELL
Was a short term trade. Banks have damaged their balance sheets of the last year, which makes it hard to generate the same kind of revenues.
PAST TOP PICK
(A Top Pick May 2/07. Down 12%.) This is the one bank that has kind of held in there. Never had the disasters of the CIBC (CM-T) or Bank of Montreal (BMO-T). His model price is $71.44, a 36% positive differential.
PAST TOP PICK
(A Top Pick May 8/07. Down 17%.) This was recommended before the commercial paper crisis arose. Thinks the market has oversold this one. Dividend and PE is enormously attractive.
HOLD
(Market Call Minute.) There are some headwinds continuing from Quebec.
PAST TOP PICK
(A Top Pick march 13/07. Down 20%.) Only bank that has said what their asset backed commercial paper is. Took a 25% write down on it.
DON'T BUY
There are continued concerns that they may have more exposure to ABC paper. Will likely have more write-downs.
BUY ON WEAKNESS
He has a model price of $68.85, a 32% positive differential. When it gets down to $44 again, it would be a Buy.
COMMENT
28% upside on his model price.
DON'T BUY
Has completely avoided financials since May/June of 2007. At some point, they do become very inexpensive and they can bounce. You have to ask yourself, is it a bounce or something sustainable.
BUY
(Market Call Minute.) Would buy the stock here, especially if you looking out beyond a year.
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