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
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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
BUY
This falls under the interest sensitive sector and banks generally are the best performers. This is his favourite bank. Sells at a slight discount to the other banks. Recent numbers were good. Good strategy.
BUY
Have done very well in their wealth management business, on the brokerage side and their branch operations. A knock is that it is hard for them to expand outside of Quebec.
PAST TOP PICK
(A Top Pick May 30/06. Up 1.4%.) Whole banking area sold off but now with interest rates easing off, and the baking area starting to look better, he would put new money in. This is his favourite bank.
DON'T BUY
Fully valued.
DON'T BUY
His model price is $70.45, a 21% positive differential. Wouldn't recommend it. Sees interest rates going substantially higher and thinks financials are in for a tough time.
BUY
Have made some real inroads in their securities arm. Recently have been making more of a presence in Ontario. Reasonably priced.
BUY
This is his favourite in the banks. Good management. Likes the Quebec market. Good dividend growth. Also likes their money management side. Sells at a discount to the other banks.
TOP PICK
3.5% yield. The cheapest bank among its peer group. They only pay out about 25% of their earnings compared to 40% by most of the banks. Believes they will go to that 40% which could give some very nice dividend increases.
PAST TOP PICK
(A Top Pick Mar 29/06. Down 8%.) Sold his position in all his banks.
TOP PICK
Have wealth management but their core business is doing well and better than expected. Have a very focused top ranked management. Just raised their dividend to 3.25%
BUY
Increased the dividend. An impressive bank. Always had a lower P/E compared to other banks because it was smaller and was felt to be trapped in Quebec. This is a thing of the past.
BUY
Has been moving sideways. With tightening margins and flattening yield curves, bank earnings are not being helped. This one has been one of the strong performers.
TOP PICK
Their model price continues to go up and is currently $76 which is a 22% positive differential. Earnings estimates continue to go up. Good price.
TOP PICK
(A Top Pick Dec 21/05. Up 6%.) The fundamentals keep moving up. 3% yield.
PAST TOP PICK
(A Top Pick Dec 29/05. Up 6%.) Still likes.
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