National Bank of Canada | StockChase
540
National Bank of Canada (NA-T)

Last Price Recorded: $63.2400 on 2018-05-19

ON STOCKCHASE SINCE Oct 2000

banks
540
National Bank of Canada (NA-T)

Last Price Recorded: $63.2400 on 2018-05-19

ON STOCKCHASE SINCE Oct 2000

banks

National Bank of Canada


Signal Opinion Expert
COMMENT

All Canadian banks suffer uncertainty from housing bubble fears and so are performing weaker compared to the US banks. He'd rather buy Bank of Nova Scotia for their Latin American exposure, because of the strong growth in those countries.

banks

All Canadian banks suffer uncertainty from housing bubble fears and so are performing weaker compared to the US banks. He'd rather buy Bank of Nova Scotia for their Latin American exposure, because of the strong growth in those countries.

banks
Mario Mainelli, CFA

Portfolio Manager, Caldwell Investment ...

PricePrice
$62.560
Owned Owned
Unknown

COMMENT

He likes this, but does not own it.  He sees their ROE near 20% -- well above the peer group.  However, he does not see endless runway for its growth.  He prefers others with more diversification. 

banks

He likes this, but does not own it.  He sees their ROE near 20% -- well above the peer group.  However, he does not see endless runway for its growth.  He prefers others with more diversification. 

banks
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$59.650
Owned Owned
No

BUY

Always well-run. Good business franchise and dividend. Consistently fine ROE. Runs a good energy franchise out west and business franchise in Ontario.

banks

Always well-run. Good business franchise and dividend. Consistently fine ROE. Runs a good energy franchise out west and business franchise in Ontario.

banks
John O'Connell, CFA

Chairman and CEO, Davis Rea...

PricePrice
$60.170
Owned Owned
Unknown

BUY

The banks have gotten a bit cheap.  They are trading at levels lower than a year ago and yet show better growth rates according to his forecasting models.  He thinks all banks in Canada are a buy.  This one has a good earnings profile and the dividend is fine.  Sell a put at $58 or just buy it.  TD-T and BMO-T are showing better growth, however.

banks

The banks have gotten a bit cheap.  They are trading at levels lower than a year ago and yet show better growth rates according to his forecasting models.  He thinks all banks in Canada are a buy.  This one has a good earnings profile and the dividend is fine.  Sell a put at $58 or just buy it.  TD-T and BMO-T are showing better growth, however.

banks
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$60.640
Owned Owned
Unknown

WEAK BUY

 He does not own this presently.  A great franchise in Quebec that is slowly expanding west.  It is likely near the high end of its valuation.  He would buy it on a pullback.

banks

 He does not own this presently.  A great franchise in Quebec that is slowly expanding west.  It is likely near the high end of its valuation.  He would buy it on a pullback.

banks
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$60.290
Owned Owned
No

HOLD

For a long time, it was valued lower than the other banks and generated some good quarters. Now, they're pulling back. Don't need to sell it. Just hold. But look at Laurentian with a much lower valuation at 8x forward earnings, and a discount to book value. Laurentian could be what NA was two years ago.

banks

For a long time, it was valued lower than the other banks and generated some good quarters. Now, they're pulling back. Don't need to sell it. Just hold. But look at Laurentian with a much lower valuation at 8x forward earnings, and a discount to book value. Laurentian could be what NA was two years ago.

banks
John Zechner

Chairman, J. Zechner & Assoc...

PricePrice
$60.200
Owned Owned
Unknown

BUY
National Bank of Canada(NA-T) 

February 23, 2018

Canadian Banks run a pretty tight oligopoly. It has improved its profitability. They graduated to from a small regional to on of the Big Six. He likes this one even as he doesn’t own it.

banks

Canadian Banks run a pretty tight oligopoly. It has improved its profitability. They graduated to from a small regional to on of the Big Six. He likes this one even as he doesn’t own it.

banks
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$63.760
Owned Owned
No

COMMENT
National Bank of Canada(NA-T) 

February 16, 2018

One of the best performers. If it gets back to 65 he would have a target of 72. Seasonality is a little soft for banks in January and February. He would look more into mid-March 

banks

One of the best performers. If it gets back to 65 he would have a target of 72. Seasonality is a little soft for banks in January and February. He would look more into mid-March 

banks
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$61.880
Owned Owned
No

BUY
National Bank of Canada(NA-T) 

February 14, 2018

National Bank or Canadian Western Bank or Laurentian? Definitely National. It's growing in asset management and spending on technology, adapting their tech to their data findings. Drawback is it's Canadian-only focus. That said, he prefers larger banks operating in U.S. like TD and Royal.

banks

National Bank or Canadian Western Bank or Laurentian? Definitely National. It's growing in asset management and spending on technology, adapting their tech to their data findings. Drawback is it's Canadian-only focus. That said, he prefers larger banks operating in U.S. like TD and Royal.

banks
Zachary Curry

Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd....

PricePrice
$61.720
Owned Owned
Unknown

DON'T BUY
National Bank of Canada(NA-T) 

February 13, 2018

She owns three banks but does not own National Bank among them because it is more Canadian-centric at a time when US exposure is more valuable. It is also more dependent on the capital markets than the other banks, which is more volatile. It has pulled back well. It is growing well in the wealth management segment and is probably the custodian of choice at this time.

banks

She owns three banks but does not own National Bank among them because it is more Canadian-centric at a time when US exposure is more valuable. It is also more dependent on the capital markets than the other banks, which is more volatile. It has pulled back well. It is growing well in the wealth management segment and is probably the custodian of choice at this time.

banks
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$61.100
Owned Owned
No

TOP PICK

Not an exciting name, doesn’t have the same brand power as the larger banks, but it has been one of the best performing Canadian banks in 2016 and 2017. Trades at 11x earnings with a dividend yield of 3.9%. It makes sense to have money going into this name at this price. (Analysts' price target is $66.54). 

banks

Not an exciting name, doesn’t have the same brand power as the larger banks, but it has been one of the best performing Canadian banks in 2016 and 2017. Trades at 11x earnings with a dividend yield of 3.9%. It makes sense to have money going into this name at this price. (Analysts' price target is $66.54). 

banks
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$61.870
Owned Owned
Yes

HOLD

It is a fine bank.  It is much more of a regional North American bank.  It does not have much US exposure.  He prefers the US banks.

banks

It is a fine bank.  It is much more of a regional North American bank.  It does not have much US exposure.  He prefers the US banks.

banks
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$63.770
Owned Owned
Yes

TOP PICK

He likes Canadian banks in general. You have wind at your back with Net Interest Margins, a solid equity market, and the credit quality is very good. This one is cheap relative to the others. He is modelling really good growth at 7%. They've just had an extremely positive run, and in Q4, they beat. He sees their balance sheet continuing to improve. Dividend yield of 3.8%.

banks

He likes Canadian banks in general. You have wind at your back with Net Interest Margins, a solid equity market, and the credit quality is very good. This one is cheap relative to the others. He is modelling really good growth at 7%. They've just had an extremely positive run, and in Q4, they beat. He sees their balance sheet continuing to improve. Dividend yield of 3.8%.

banks
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$64.510
Owned Owned
Yes

PAST TOP PICK

(A Top Pick March 1/17. Up 15%.) He likes what they are doing. They’ve made a big force to push outside of Québec. The jewel is their administrative business. Trading around 10.5X expected earnings for 2019. Nice dividend yield.

banks

(A Top Pick March 1/17. Up 15%.) He likes what they are doing. They’ve made a big force to push outside of Québec. The jewel is their administrative business. Trading around 10.5X expected earnings for 2019. Nice dividend yield.

banks
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$63.680
Owned Owned
Yes

TOP PICK

Loves all the Canadian banks because they are trading at around 11 or 12 times earnings. The overall market is trading at around 19X. Banks have had such consistent results, and have excess capital. They are meeting all the regulatory requirements. Will benefit from rising interest rates, a record stock market and a stable and improving economy. Trading at 10X earnings which makes no sense. Dividend yield of 3.8%. (Analysts' price target is $66.)

banks

Loves all the Canadian banks because they are trading at around 11 or 12 times earnings. The overall market is trading at around 19X. Banks have had such consistent results, and have excess capital. They are meeting all the regulatory requirements. Will benefit from rising interest rates, a record stock market and a stable and improving economy. Trading at 10X earnings which makes no sense. Dividend yield of 3.8%. (Analysts' price target is $66.)

banks
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$63.680
Owned Owned
Yes

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