
TSE:NA
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.
Canadian Banks including TD-T and RY-T. He wishes we had earnings out of the banks because we are flying blind. It is hard to see anything positive out of then. The stocks have fallen a lot. His preferred is NA-T. It is hard to be materially bullish on the Banks unless you are a long term investor. He would not add more to positions, just hold.