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TSE:NA

National Bank of Canada (NA.TO)

223.37
+2.96 (1.34%)
as of Jun 19, 2026, 3:45:00 pm Market Open.
549 watching
0
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
TOP PICK
Has had a tumble and this is the time to buy it. 4.8% yield.
HOLD
(Market Call Minute.) Not his favourite bank. Even though some of the problems that it fixed it may be not a bad place.
COMMENT
His model price is $68.60. A 32% positive differential.
DON'T BUY
His philosophy is to buy the better quality players. He would suggest Toronto Dominion (TD-T) instead.
BUY
The sub prime thing sort of backed into their backyard. They weren't involved with the subprime as much as they wear into asset-backed paper. Have done a pretty reasonable job. The stock is acting much better and it is a well-run bank. Be aware that they are very active in Alberta and that area has suffered. 4.6% dividend.
PAST TOP PICK
(A Past Top Pick. Dec 5/06. Down 18.3%.) If you own it, Hold. You are getting a decent yield on it. Like all Canadian banks, they will raise her dividends on a regular basis. There could still be another few dollars of downside.
TOP PICK
Dropped down to a very attractive valuation level. Good yield and good technical support. Speculative buy because it is a counter trend move to the fundamental down trend of the banks.
TOP PICK
Had its 1st losing quarter in 15 years. Took a write down on their asset backed paper but not as much as had been feared. The good news is they will probably make $6 in this fiscal year so you can buy now at 9X this year's earnings. Dividend of about 4.5%. Oversold.
HOLD
This is the cheapest of the big 5 banks at less than 2X Book Value. Their ROE is about 18% but there is a lot of worry about what they might be holding in terms of commercial paper etc. 4.5% yield.
BUY
An unloved name right now for because of their asset backed commercial paper. Thinks the market has overdone it and has baked in the worse case scenario. Even in the worse situation, the target price would be in the mid to high $50 range.
DON'T BUY
Admitted to being involved in commercial paper up to $2 billion. Rumours that their involvement is even larger. Also rumours of significant loan exposure to the Alberta oil patch. Would wait for the reporting of their next quarter.
WATCH
Has been hit hard relative to the other banks because of the commercial paper problems. Trading extremely low. Has high yield.
WAIT
This is an area that we will suffer in. Not something I’d pick up. Take a look at it in December.
TRADE
Has lots of exposure to Asset Backed Commercial Paper (ABCP). Investors are very worried they will take a large write off.
SELL
It is his least favourite stock. It does not trade at a discount anymore.
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