Buy, Sell or Hold: National Bank of Canada (NA-T) — Stock Predictions at Stockchase

TSE:NA

86.09

1.02 (1.17%) 1d

Showing 1 to 15 of 599 entries

WEAK BUY

NA vs. CWB Between these and the Big 5, he'd prefer one of the 5. Between CWB and this, he'd prefer NA. Better diversified in lines of business and geographically. Better scale advantage, management, and capitalized. Its dividend increases may pause if credit losses get too high. Otherwise, high single-digit dividend increases are pretty reliable.

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PARTIAL SELL

Sell half of NA to buy BMO? This trade makes sense. Canadian banks have been under pressure given economic slowdown. All the banks grow earnings nicely and return excess capital to shareholders via buybacks and dividends. BMO has done a great job with Bank of the West acquisition. He's tilting toward more US exposure, as the US consumer is in better shape and the economy is less reliant on housing.

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BUY

He likes Canadian banks. NA has less of a national footprint compared to its peers and less of a presence in wealth management. But NA specializes in the custody business. Great management and solid dividend. He prefers the larger footprint of its peers.

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TOP PICK

It is the 6th largest bank in Canada and smaller than the other five. It is the number one bank in share price appreciation, grows its dividends and has a higher profitability level. It is mostly in Canada and has a good presence in Quebec. There is less competition in Canada than in the U.S. Also there is a higher dividend yield because of the lower valuation and it can buy back more stock. Buy 7, Hold 4, Sell 2. (Analysts’ price target is $104.85)

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BUY

A great performer compared to its peers. They are a dominant ETF service provider in Canada. Well-managed. The banks here move as a pack, and the leader and laggard often rotate. He owns TD and BNS which offers opportunities in the US and Latin America respectively.

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TOP PICK

Next to no loan losses. One of the best revenue growers of any of the Canadian banks in Q2. Payout of 30%. Cambodian asset is doing amazing. Very well run. He's not worried about a recession. Best Canadian bank to own. Yield is 3.78%. (Analysts’ price target is $104.85)

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DON'T BUY

NA vs. BNS Prefers BNS. Refocused, sold off non-core international geographies. Well positioned. Gives you exposure to international and Latin American economies, which may be uneven but represent more attractive long-term growth.

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PAST TOP PICK

(A Top Pick Jun 04/21, Up 12%) Still his #1 Canadian bank pick. NA has little competition in Quebec, compared to the rest of Canada. Are very successful in managing wealth and proprietory trading. Will benefit from rising interest rates. A solid pick.

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PAST TOP PICK

(A Top Pick Jun 04/21, Up 7%) It's one of the best Canadian banks. There's room for the dividend to rise. They make a lot of money from wealth management and they will benefit from higher interest rates. This month, the banks are outperforming tech.

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DON'T BUY

NA vs. TD He prefers TD over NA and advocates taking profits if a position has become overweight. Opportunity in TD looks better for 2022. TD is over-capitalized the most. TD's US-centric footprint is more net-margin sensitive than Canadian banks. With interest rates poised to rise, this should advantage TD. TD's capital markets business (with lots of operating leverage) is less important to its earnings than NA, and this will weigh on NA. NA's CEO is new, whereas TD's is seasoned.

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COMMENT

New CEO. About as textbook a succession planning as you'll ever see. Louis Vachon leaves pretty big shoes. It's been the best performer of the big 6 banks under his tenure. New CEO has been the COO, career NA employee for 23 years, digitally savvy, ran capital markets, known to the board and investors. Business as usual under his watch.

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TOP PICK

Used to be slammed with exposure to Quebec, but their economic backdrop is better in Quebec than elsewhere. Wealth management business is doing well. Owns the platform that portfolio manager uses. At 11.5x earnings with 3.5% dividend yield. Thinks it is attractively priced. (Analysts’ price target is $100.42)

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TOP PICK

Question: Which major Canadian bank has performed the best year-to-date. TD? Royal? Nope. National Bank. Shares have climbed over 32%, just ahead of the Bank of Nova Scotia. The bigger siblings may get the love, but National Bank is prospering in the shadows. This despite NB disappointing the street last week when it released its Q2. Profits topped estimates, but revenue in the financial markets unit slipped 5.2% from a year ago. Then again, investors had high expectations going into this report, and NB's report was overall strong. YOY, overall net income more than doubled to $801 million or $2.25 per share. The company beat the expected $2.00 EPS by 25 cents, marking NB's fourth-straight beat. Problem is, NB shares have run up fast this year and the street sees only 4.21% upside ahead at a price target of $98.25 (based on four holds and four buys). If you already own, you better be DRIPping, and newbies can enter on even a modest dip.

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TOP PICK

Best operating leverage in its business model of the Canadian banks. 6% dividend growth. Good exposure to a new business cycle. Yield is 3.23%. (Analysts’ price target is $88.67)

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BUY

Thinks of best business first, and then country second. His clients own National Bank, TD, RY, and JPM. Best banks with the best management teams. Jaime Dimon at JPM is the very best. In Canada, his favourite is always National, with smart acquisitions and growing in wealth management. All Canadian banks are under-levered. You have to be there.

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Showing 1 to 15 of 599 entries

National Bank of Canada(NA-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 8

Stockchase rating for National Bank of Canada is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

National Bank of Canada(NA-T) Frequently Asked Questions

What is National Bank of Canada stock symbol?

National Bank of Canada is a Canadian stock, trading under the symbol NA-T on the Toronto Stock Exchange (NA-CT). It is usually referred to as TSX:NA or NA-T

Is National Bank of Canada a buy or a sell?

In the last year, 8 stock analysts published opinions about NA-T. 5 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for National Bank of Canada.

Is National Bank of Canada a good investment or a top pick?

National Bank of Canada was recommended as a Top Pick by on . Read the latest stock experts ratings for National Bank of Canada.

Why is National Bank of Canada stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is National Bank of Canada worth watching?

8 stock analysts on Stockchase covered National Bank of Canada In the last year. It is a trending stock that is worth watching.

What is National Bank of Canada stock price?

On 2022-09-29, National Bank of Canada (NA-T) stock closed at a price of $86.09.

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