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

TSE:NA

92.42

1.63 (1.80%) 1d

Showing 1 to 15 of 593 entries

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.

banks

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.

banks

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.

banks

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.

banks

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.

banks

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)

banks

Unlock the Monthly Gems

Become a member Or, Sign In

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.

banks

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)

banks

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.

banks

BUY

Tough year for the banks. Q4 will be released in a few weeks, and you never know what you're going to get. Brighter days are ahead, and the market's already figured that out. BMO is not his favourite. Prefers National, TD, Royal. You'll do fine with the Canadian banks. Some concerns around fintech. Low interest rates will be a problem, but offset by recovering economy. Good time to add for dividend seekers.

banks

STRONG BUY

Along with TD and Royal, three of the greatest Canadian banks. Fee-generating machines. Investing in wealth management side. Big improvement in earnings in 2021. No hesitation in buying.

banks

TOP PICK

Very steady, despite Covid. Healthy capital, continues to pay dividend. Deferred payments have dropped. Well placed as the economy recovers. Trading at 12x earnings. Big enough to not go up and down like a cork. Yield is 3.95%. (Analysts’ price target is $69.27)

banks

HOLD

Has done quite well. Capital markets have been an area of strength lately, so this will be in its favour. Reserves went up quite a bit last quarter, and they were conservative in their estimates. They can weather this downturn.

banks

BUY on WEAKNESS

It is the second highest valuation of Canadian bank stocks. He thinks it will ultimately be headed back towards $45, even though his model calls for $69. He would like to see a pullback before buying in. He thinks all the Canadian banks will revisit the lows back in March.

banks

HOLD

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.

banks

Showing 1 to 15 of 593 entries

National Bank of Canada(NA-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 4

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, 4 stock analysts published opinions about NA-T. 2 analysts recommended to BUY the stock. 2 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?

4 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 2022-05-17, National Bank of Canada (NA-T) stock closed at a price of $92.42.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.