National Bank of Canada

NA-T

TSE:NA

62.01
0.43 (0.70%)
The National Bank of Canada is the sixth largest commercial bank in Canada. It is headquartered in Montreal, and has branches in most Canadian provinces and 2.4 million personal clients.
More at Wikipedia

Analysis and Opinions about NA-T

Signal
Opinion
Expert
HOLD
HOLD
June 26, 2020
NA has done incredibly well relative to the Canadian banks. The hard part has been to be considered a non-Quebec bank. He likes how they have grown their investment bank activities. They have not shown growth outside of Canada, like the larger chartered banks have.
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NA has done incredibly well relative to the Canadian banks. The hard part has been to be considered a non-Quebec bank. He likes how they have grown their investment bank activities. They have not shown growth outside of Canada, like the larger chartered banks have.
HOLD
HOLD
June 24, 2020
Dividend cut? It has done well relative to the Canadian peers. She feels it has a higher capital markets component, which makes its earnings more variable compared to its peers. NA was very conservative in their increases in loan loss provisions, which she finds hopeful. They provide a good dividend. In a prior period they did cut their dividend, but she thinks the dividend should be safe.
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Dividend cut? It has done well relative to the Canadian peers. She feels it has a higher capital markets component, which makes its earnings more variable compared to its peers. NA was very conservative in their increases in loan loss provisions, which she finds hopeful. They provide a good dividend. In a prior period they did cut their dividend, but she thinks the dividend should be safe.
BUY
BUY
June 15, 2020
Low interest rates are not good for banks and makes investing in banks much more challenging. The core earnings from banks last quarter look pretty good. His feeling is that the banks have been very conservative in their loan loss provisions so we will see some unwinding and therefore some upside. NA-T is more of a facilitator of wealth management. This would be the better place to go if you believe the markets are going to recover.
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Low interest rates are not good for banks and makes investing in banks much more challenging. The core earnings from banks last quarter look pretty good. His feeling is that the banks have been very conservative in their loan loss provisions so we will see some unwinding and therefore some upside. NA-T is more of a facilitator of wealth management. This would be the better place to go if you believe the markets are going to recover.
HOLD
HOLD
May 4, 2020

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.

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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.

COMMENT
COMMENT
April 21, 2020
Reset preferreds of 2-year duration? Many investors have been burned by these preferreds. They look attractive, but none will be called as long as rates are this low, and the dividends may get cut. This is why these preferreds are so cheap now. Better to buy a bank stock that pays a stable dividend.
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Reset preferreds of 2-year duration? Many investors have been burned by these preferreds. They look attractive, but none will be called as long as rates are this low, and the dividends may get cut. This is why these preferreds are so cheap now. Better to buy a bank stock that pays a stable dividend.
HOLD
HOLD
February 5, 2020
He owns the other chartered banks. He regrets that since the shares have done really well against its peers. A large focus on technology loans, with a good dividend. He sees good things yet to come. At these valuations, he would continue to hold. (Analysts’ price target is $72.00)
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He owns the other chartered banks. He regrets that since the shares have done really well against its peers. A large focus on technology loans, with a good dividend. He sees good things yet to come. At these valuations, he would continue to hold. (Analysts’ price target is $72.00)
BUY
BUY
January 3, 2020
It's one of the best looking bank stock. It looks more like an insurance stock. A nice 50% increase from the bottom with a good dividend. There could be more upside looking at the chart pattern. Not a very volatile stock.
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It's one of the best looking bank stock. It looks more like an insurance stock. A nice 50% increase from the bottom with a good dividend. There could be more upside looking at the chart pattern. Not a very volatile stock.
HOLD
HOLD
December 18, 2019
It has been a spectacular performer. It has a very profitable niche in Quebec. They have a strong wealth management business that has helped them as well. They are the largest custodian for large institutional investors. He would hold it here.
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It has been a spectacular performer. It has a very profitable niche in Quebec. They have a strong wealth management business that has helped them as well. They are the largest custodian for large institutional investors. He would hold it here.
HOLD
HOLD
December 17, 2019
Its multiple has expanded to match its bigger peers, so he's wary, since their quality of business isn't as high as those peers. This is a relative valuation call.
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Its multiple has expanded to match its bigger peers, so he's wary, since their quality of business isn't as high as those peers. This is a relative valuation call.
TOP PICK
TOP PICK
December 3, 2019
It's his favourite bank. Always liked its cheap fundamentals, and it continues to dominate Quebec. Nice earnings. They've benefited from a vibrant real estate market in Montreal. (Analysts’ price target is $67.92)
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It's his favourite bank. Always liked its cheap fundamentals, and it continues to dominate Quebec. Nice earnings. They've benefited from a vibrant real estate market in Montreal. (Analysts’ price target is $67.92)
BUY
BUY
November 19, 2019
Its rally will continue. He would buy all the Canadian banks. Great chart with lots of volume. It's built a base, so it can move higher.
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Its rally will continue. He would buy all the Canadian banks. Great chart with lots of volume. It's built a base, so it can move higher.
TOP PICK
TOP PICK
October 18, 2019
Trading at near all time highs, it has the best chart of the Canadian banks. The breakout above $64 was followed with good earnings being reported. Yield 4.01% (Analysts’ price target is $65.64)
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Trading at near all time highs, it has the best chart of the Canadian banks. The breakout above $64 was followed with good earnings being reported. Yield 4.01% (Analysts’ price target is $65.64)
COMMENT
COMMENT
October 18, 2019
Banks are defensive in an economic downturn. The stock over the past number of years has been doing well. They have delivered better in the capital market activity and have narrowed their spread with other banks. He doesn't own any Canadian financials due to interest rates. The dividend is safe.
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Banks are defensive in an economic downturn. The stock over the past number of years has been doing well. They have delivered better in the capital market activity and have narrowed their spread with other banks. He doesn't own any Canadian financials due to interest rates. The dividend is safe.
HOLD
HOLD
September 4, 2019
It's done very well, having grown beyond Quebec in the past 10 years and closed the valuation gap with the big banks. Problem is, can it continue to grow as much in the next 10 years? It lacks international diversification. NA is a decent hold, but he'd buy other banks.
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It's done very well, having grown beyond Quebec in the past 10 years and closed the valuation gap with the big banks. Problem is, can it continue to grow as much in the next 10 years? It lacks international diversification. NA is a decent hold, but he'd buy other banks.
BUY
BUY
August 23, 2019
More of a growth story than other banks. Has hung in there better than some other banks. They have the bulk of their activity in Eastern Canada which is a driving force right now. Overall, a good dividend stock. The market has been rewarding them.
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More of a growth story than other banks. Has hung in there better than some other banks. They have the bulk of their activity in Eastern Canada which is a driving force right now. Overall, a good dividend stock. The market has been rewarding them.
Showing 1 to 15 of 579 entries

National Bank of Canada(NA-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 7

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 11

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, 11 stock analysts published opinions about NA-T. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is HOLD. 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 Paul Harris, CFA on 2020-06-26. 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?

11 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 2020-07-06, National Bank of Canada (NA-T) stock closed at a price of $62.01.