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TSE:NA

National Bank of Canada (NA.TO)

220.41
+2.77 (1.27%)
as of Jun 18, 2026, 8:00:00 pm Market Open.
549 watching
0
Investor Insights
star iconJun 18, 2026, 12:00 am

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

National Bank of Canada (NA) is viewed positively by experts, emphasizing its strategic focus on wealth management and capital markets, particularly following its acquisition of Canadian Western Bank. The bank's consistent performance, alongside a strong return on equity (ROE) and recurring high fees, positions it as a long-term compounder. Despite concerns regarding potential economic downturns and high valuations across the banking sector, many analysts predict double-digit earnings growth and a favorable annual return of around 10%. The bank's ability to cross-sell services thanks to its national presence further enhances its growth prospects, making it a compelling candidate for both new and existing investors. Overall, analysts maintain a cautious optimism about the bank's future, fostering a positive outlook amidst market volatility.

consensus icon
Consensus
Positive
valuation icon
Valuation
Fair Value
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Similar
TD, TD
DON'T BUY
In the aggregate, banks have done very little this year. They are all trading at 55 year valuation highs. There's no fair market valuation support for them to go much higher.
TOP PICK
Has managed to move away from its Quebec base. Built its brokerage side very successfully. Substantially reduced its exposure to the Quebec economy. You are getting 12/15% growth plus a 3.2% dividend.
BUY
If buying a bank today, this one would be his choice. The most interesting. A little bit of Quebec factor has come back into it which in the short run is unwarranted. Has the best opportunity to increase margins and its dividends.
BUY
Prefers Toronto Dominion (TD-T), National Bank (NA-T) or Bank of Montreal (BMO-T) over Royal Bank (RY-T) because there are wider differentials between the stock prices and his model prices.
BUY
Has been hurt by the political concerns re: the Bloc in Quebec. The latest change in the Liberal's fortunes could change this and this could be a good opportunity to acquire.
BUY
Canadian banks continue to offer good value on a medium time frame. If we were to see a rapid ratcheting up of interest rates, they would be vulnerable, but this is not expected. The banks offer reasonable value here.
BUY
Likes Bank of Nova Scotia (BNS-T), National Bank (NA-T) and Royal (RY-T) better than CIBC (CM-T) which has chronically one of the worse performing of the Canadian banks. They are more profitable, better organized and more efficient.
DON'T BUY
What happens in the US ultimately works its way into the Canadian market. US banks are having a very difficult time and are down about 7% year to date. Canadian banks have had good yield support, but they really are not making a lot of headway. They are basically trading sideways.
DON'T BUY
Bank stocks are starting to top which is not surprising. The bull market started in 2002 and we are 2 1/2 years into the bull market. That's usually the time bank stocks start to move down.
DON'T BUY
Doesn't like the banks. They have just come off 52 week highs. Historically they always give you a chance to buy at some point and he is going to wait with his hands open at prices he is willing to pay. Wait until they get ugly.
BUY
Has done well over the last 6 months. As long as it sticks to its knitting, it should perform well.
BUY
This is the bank that he sees outperforming the bank sector. There is still some valuation gap between it and the big 5. Narrowing and will continue to do so. They give a superior yield. Good quality management. Focused and it's showing.
BUY
This is the bank that he sees outperforming the bank sector. There is still some valuation gap between it and the big 5. Narrowing and will continue to do so. They give a superior yield. Good quality management. Focused and it's showing.
BUY
Still likes, but the Bank of Montreal (BMO-T) is now their #1.
DON'T BUY
Banking sector looks unattractive. If he had to own a bank, this or Bank of Nova Scotia are banks he could own. There is so much going on in other parts of the market, you are giving up a lot of opportunity being in this sector.
Showing 526 to 540 of 666 entries