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
PAST TOP PICK
(A Top Pick Mar 09/23, Down 1%)

Still the best-looking bank chart in Canada. Others are underperforming, so he'd still pick this one.

banks
BUY

Best-looking Canadian bank. Strong chart. Wants to make new highs. 

banks
TOP PICK

Can't go wrong with Canadian banks. Powerful, compelling chart. Breaking out to new highs. In the face of talk of a recession, that's really positive. Market's seeing some really positive things. Yield is 3.76%. 

(Analysts’ price target is $107.04)
banks
COMMENT

Regional. Doesn't follow closely. By percentage, has the largest exposure to the energy sector. A couple of years ago, this may have seemed like a big problem. But what seems obvious, may not turn out to be real.

banks
BUY

Has held this for a long time. It is not just a Quebec bank but has a dominant platform in wealth management. Also holds investments in the U.S. and Cambodia. It is his favourite bank in Canada and he also likes TD and Royal Bank.

banks
BUY
Results were so-so, but affected by a 1-time issue. Stick with the banks that continue to knock it out of the park. Happy to continue buying. He doesn't foresee a really bad recession in Canada in 2023. Banks can offset a lot of their mortgages. They do have exposure, but it's not as huge as you think. Live and die with wealth management and investment banking operations, so they need the economy to improve.
banks
HOLD
Still likes. Earnings were fine. Balance sheet in good shape. Tough quarter for trading. Solid as a rock, more dividend increases to come.
banks
Showing 1 to 15 of 617 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 : 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. 9 analysts recommended to BUY the stock. 0 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?

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 2023-09-29, National Bank of Canada (NA-T) stock closed at a price of $90.23.