Desjardins Issues Negative Outlook for TSE:NA Earnings

Key Points

• Desjardins has lowered its Q4 2025 earnings per share estimate for National Bank of Canada to $2.43, down from $2.62, indicating a negative outlook.
• Despite the downgrade, CIBC and Barclays have increased their price targets for the bank, with CIBC's target rising to C$151.00, reflecting mixed analyst sentiments.
• The bank declared a quarterly dividend of $1.18, representing a 3.3% yield, with a dividend payout ratio of 39.03%.

National Bank of Canada (TSE:NA - Free Report) - Research analysts at Desjardins dropped their Q4 2025 earnings per share (EPS) estimates for National Bank of Canada in a research report issued on Wednesday, August 27th. Desjardins analyst D. Young now forecasts that the financial services provider will earn $2.43 per share for the quarter, down from their previous forecast of $2.62. Desjardins currently has a "Hold" rating and a $149.00 target price on the stock. The consensus estimate for National Bank of Canada's current full-year earnings is $10.84 per share.

Other analysts have also issued research reports about the company. CIBC increased their price objective on National Bank of Canada from C$147.00 to C$151.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Scotiabank raised their price target on National Bank of Canada from C$142.00 to C$147.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Jefferies Financial Group dropped their price target on National Bank of Canada from C$157.00 to C$153.00 and set a "hold" rating for the company in a research note on Thursday, August 28th. Cibc World Mkts raised National Bank of Canada from a "strong sell" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Canaccord Genuity Group raised their price target on National Bank of Canada from C$136.00 to C$138.00 and gave the stock a "hold" rating in a research note on Tuesday, June 24th. Two investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of C$143.17.

National Bank of Canada Stock Down 0.4%

Shares of NA stock traded down C$0.51 during trading on Friday, hitting C$144.21. The company had a trading volume of 251,944 shares, compared to its average volume of 1,829,634. The stock has a market capitalization of C$56.44 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 7.14 and a beta of 1.11. National Bank of Canada has a 52 week low of C$106.67 and a 52 week high of C$151.97. The stock's 50-day moving average is C$144.43 and its two-hundred day moving average is C$130.56.

National Bank of Canada Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, November 1st. Shareholders of record on Monday, September 29th will be given a $1.18 dividend. This represents a $4.72 annualized dividend and a yield of 3.3%. National Bank of Canada's payout ratio is 44.93%.

National Bank of Canada Company Profile

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.