National Bank of Canada (TSE:NA) Upgraded at Canadian Imperial Bank of Commerce

Key Points

• Canadian Imperial Bank of Commerce upgraded National Bank of Canada from “hold” to “strong-buy,” although the broader analyst consensus remains “Hold,” with an average price target of C$208.54.
• National Bank shares opened at C$222.05, near their C$237.13 one-year high, with a market capitalization of approximately C$85.52 billion and a P/E ratio of 19.65.
• The bank reported quarterly earnings of C$3.23 per share on C$3.91 billion in revenue, while director Yvon Charest purchased 191 shares worth about C$44,543.

National Bank of Canada (TSE:NA - Get Free Report) was upgraded by Canadian Imperial Bank of Commerce from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Canaccord Genuity Group increased their target price on shares of National Bank of Canada from C$205.00 to C$224.00 and gave the company a "hold" rating in a report on Tuesday, July 7th. Raymond James Financial boosted their price target on National Bank of Canada from C$203.00 to C$226.50 and gave the stock a "market perform" rating in a research note on Wednesday, August 12th. Scotiabank upped their price target on National Bank of Canada from C$214.00 to C$222.00 and gave the stock a "sector outperform" rating in a report on Tuesday, June 16th. Desjardins downgraded National Bank of Canada from a "buy" rating to a "hold" rating and raised their price objective for the company from C$217.00 to C$238.00 in a research note on Wednesday, August 5th. Finally, TD lifted their price objective on National Bank of Canada from C$202.00 to C$227.00 and gave the stock a "hold" rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of C$208.54.

National Bank of Canada Stock Performance

National Bank of Canada stock opened at C$222.05 on Tuesday. National Bank of Canada has a one year low of C$141.46 and a one year high of C$237.13. The business has a fifty day moving average of C$225.17 and a two-hundred day moving average of C$203.07. The company has a market cap of C$85.52 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 7.14 and a beta of 1.35.

National Bank of Canada (TSE:NA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The financial services provider reported C$3.23 earnings per share for the quarter. The business had revenue of C$3.91 billion for the quarter. National Bank of Canada had a net margin of 16.87% and a return on equity of 13.77%. Sell-side analysts predict that National Bank of Canada will post 10.8360791 EPS for the current year.

Insider Buying and Selling at National Bank of Canada

In related news, Director Yvon Charest acquired 191 shares of National Bank of Canada stock in a transaction dated Tuesday, August 18th. The shares were acquired at an average cost of C$233.21 per share, for a total transaction of C$44,543.11. Following the completion of the transaction, the director directly owned 21,193 shares of the company's stock, valued at C$4,942,419.53. The trade was a 0.91% increase in their ownership of the stock. 0.21% of the stock is currently owned by company insiders.

About National Bank of Canada

With $618 billion in assets as at April 30, 2026, National Bank of Canada (the 'Bank') is one of Canada's six systemically important banks. The Bank has more than 35,000 employees in knowledge-intensive positions and operates through three business segments in Canada: Personal and Commercial Banking, Wealth Management and Financial Markets. A fourth segment, U.S. Specialty Finance and International, complements the growth of its domestic operations. Its securities are listed on the Toronto Stock Exchange TSX: NA.

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