TSE:NA

National Bank of Canada (NA.TO)

228.42
+1.02 (0.45%)
as of Jul 27, 2026, 8:00:00 pm Market Open.
549 watching
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Investor Insights
star iconJul 26, 2026, 12:00 am

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

Experts generally view the National Bank of Canada (NA) as a strong investment with a focus on growth, particularly in wealth management and capital markets. Several reviews highlight the positive impact of its acquisition of Canadian Western Bank (CWB), which broadens its national presence and improves cross-selling opportunities. There is confidence in double-digit earnings growth and the potential for solid annual returns, even as concerns about high valuations and economic risks, such as potential recessions or credit cycles, are noted. While the stock's valuation is perceived as rich, its ability to generate high recurring fees and its diversified national presence contribute to a favorable long-term outlook. Overall, experts believe NA is well-positioned to thrive in the current market environment.

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Consensus
Buy
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Valuation
Fair Value
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Similar
TD-T
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.
TRADE
Exceptional bank, earnings not as clean because there was some trading there. Relatively well valued. Likes this bank but their earnings were not exceptional like the CIBC.
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