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Investor Insights

This summary was created by AI, based on 15 opinions in the last 12 months.

National Bank of Canada (NA-T) has been deemed as a strong contender in the Canadian banking sector, with a focus on wealth management and a conservative approach to its operations. It has outperformed other Canadian banks and is seen as a defensive option in the market. The company has shown consistent growth and performance over the years, with experts praising its strong management and prudent business strategies. Its exposure in Quebec's stable housing market has also been highlighted as a positive factor. Overall, the sentiment is positive for NA-T, with analysts and investors expressing confidence in its long-term potential.

Consensus
Positive
Valuation
Fair Value
PAST TOP PICK
(A Top Pick Jul 19/23, Up 14%)

Very great stock with excellent technical analysis. Leader in the Canadian banking space. Would continue to recommend. Trend moving in excellent direction. Expecting market correction, but will be opportunity to buy more shares. 

banks
HOLD
Dividend safe?

If a Schedule 1 Canadian bank's dividend isn't safe, we have a big problem. The only one to ever cut was NA, but it was decades ago. Not in jeopardy.

Big runup. Pretty well set up here. Quebec economy is pretty vibrant. Likes the company, but prefers TD and RY.

banks
BUY

Best-performing Canadian bank over last 10 years, right up there with RY. Wants to keep payout ratio at 50% or less. Raised dividend because earnings kept growing. 2024 won't see such earnings growth, with prudent loan loss provisions. Market's sniffing out better earnings for 2025. 10x PE, and dividend will keep growing.

banks
PAST TOP PICK
(A Top Pick Jun 20/22, Up 14%)

It doesn't get as much attention as the big five Canadian banks yet has out-performed them based on the share price 5, 10 and 15 years ago. This should continue. It has doubled in the last 5 years and that is twice the total return of the Canadian bank index. It doesn't do much business in the U.S. which is a good thing. He is overweight.

banks
TOP PICK

NA is less exposed to mortgage renewals than other Canadian banks, because the housing prices in Quebec didn't rocket up like other areas of Canada. Also, the yield is great and the PE low. They are a little exposed on their proprietary trading, but they have a strong presence in Quebec. The best Canadian bank.

(Analysts’ price target is $104.22)
banks
BUY

For the last year and a half, he's been incredibly defensive on the bank side. But you have to own something, because it's too big a sector not to.

He'd recommend NA. The most defensive of all the banks because they don't have to deal with mortgage issues. They do more custodial services and have an investment arm. Reasonable 1.2x price to book, PE around 9x. Outperformed all the other banks. Conservative.

banks
DON'T BUY

He prefers BNS or TD. A good time, generally, to start looking at the banking sector to get back in.

banks
WEAK BUY

Best performer of the Big 6, doing well on wealth management in custodial services. She chose banks that were more geographically diversified. Likes banks as a whole due to the pullback. Valuation is at a higher multiple than others. She's sticking with her choices, but has no problem adding a small position in this one.

banks
WAIT

Uninspiring. Still down YOY. Higher costs, layoffs, not a lot of catalysts for growth. A bit early for the sector. Missed on capital markets, provisions for credit losses spiked. A great business, especially with third-party handling of accounts.

banks
BUY

Owns shares in company - has owned since 2004.
Very strong ability to generate profits.
Quebec housing market business turning out well.
Expansion into wealth management has gone well.
Excellent management with strong balance sheet.
Dividend yield strong and dependable. 

banks
TOP PICK

Fits the financial theme until the end of the year. Broke out to new highs, now testing the upper end of the range. The leader of the big 6 banks. Fantastic chart. Yield is 4.06%.

(Analysts’ price target is $105.15)
banks
TOP PICK

Most of its mortgage and retail banking is in Quebec. House prices in Quebec are not the same as in Toronto and Vancouver so there are not the same mortgage concerns as with the other Canadian banks. It also has a substantial capital market business and seems to be doing well at it. It is very prudent with recent results being the best of Canadian banks. The dividend is safe. He feels that all Canadian banks are well priced.
Buy 8  Hold 5  Sell 1

(Analysts’ price target is $105.15)
banks
HOLD

Not tempted to buy the Canadian banks right now. This is the one Canadian bank he owns. He looks for the best companies that have the best management, add value over 3-5 years, and not worry about day to day stock prices.

banks
PAST TOP PICK
(A Top Pick Jun 02/22, Up 5%)

Mainly in Quebec market, which is more conservative. Focused on wealth management and proprietary trading. Very consistent, raised dividend. Terrific balance sheet. His favourite bank, still buying. What's important are quality of the business and management, not its size.

banks
PAST TOP PICK
(A Top Pick Jun 20/22, Up 17%)

It has been the best performing bank stock in Canada over the last 15 years. It is not involved in other markets around the world and half of its business is in Quebec. Its business in the rest of Canada is mostly wealth management. It is a core holding.

banks
Showing 1 to 15 of 624 entries

National Bank of Canada(NA-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 9

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 12

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, 12 stock analysts published opinions about NA-T. 9 analysts recommended to BUY the stock. 1 analyst 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?

12 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 2024-04-12, National Bank of Canada (NA-T) stock closed at a price of $110.96.