Should I buy or sell National Bank of Canada stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for National Bank of Canada in the last year. There are currently 1 sell rating, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NA, but not buy additional shares or sell existing shares. View NA analyst ratings or view top-rated stocks .

What is National Bank of Canada's stock price target for 2024?

11 brokers have issued 12 month target prices for National Bank of Canada's stock. Their NA share price targets range from C$93.00 to C$108.00. On average, they predict the company's share price to reach C$101.95 in the next year. This suggests a possible upside of 8.3% from the stock's current price. View analysts price targets for NA or view top-rated stocks among Wall Street analysts .

How have NA shares performed in 2023?

National Bank of Canada's stock was trading at C$91.23 at the start of the year. Since then, NA shares have increased by 3.2% and is now trading at C$94.15. View the best growth stocks for 2023 here .

When is National Bank of Canada's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024. View our NA earnings forecast .

How were National Bank of Canada's earnings last quarter?

National Bank of Canada (TSE:NA) released its quarterly earnings results on Friday, December, 1st. The financial services provider reported $2.44 earnings per share for the quarter, topping analysts' consensus estimates of $2.29 by $0.15. The financial services provider had revenue of $2.59 billion for the quarter. National Bank of Canada had a net margin of 34.15% and a trailing twelve-month return on equity of 14.68%.

How often does National Bank of Canada pay dividends? What is the dividend yield for National Bank of Canada?

National Bank of Canada announced a quarterly dividend on Friday, December 1st. Investors of record on Monday, December 25th will be paid a dividend of 1.06 per share on Thursday, February 1st. This represents a $4.24 annualized dividend and a dividend yield of 4.50%. The ex-dividend date is Thursday, December 21st. This is an increase from the stock's previous quarterly dividend of C$1.02. Read our dividend analysis for NA .

Is National Bank of Canada a good dividend stock?

National Bank of Canada (TSE:NA) pays an annual dividend of C$4.24 per share and currently has a dividend yield of 4.54%. NA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 45.20%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for NA .

What other stocks do shareholders of National Bank of Canada own?

Based on aggregate information from My MarketBeat watchlists, some companies that other National Bank of Canada investors own include Intact Financial (IFC) , Constellation Software (CSU) , Alimentation Couche-Tard (ATD.B) , AutoCanada (ACQ) , Toronto-Dominion Bank (TD) , AbbVie (ABBV) , Vermilion Energy (VET) , Royal Bank of Canada (RY) , Bank of Nova Scotia (BNS) and

How do I buy shares of National Bank of Canada?

Shares of NA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

National Bank of Canada Stock Price, News & Analysis (TSE:NA)

C$94.49

+0.34 (+0.36%)

(As of 10:02 AM ET)

Compare

Today's Range: C$94.30
▼
C$94.91
50-Day Range: C$84.97
▼
C$94.28
52-Week Range: C$84.27
▼
C$104.83

Volume: 88,167 shs
Average Volume: 1.55 million shs
Market Capitalization: C$31.96 billion

P/E Ratio: 10.07
Dividend Yield: 4.49%
Price Target: C$101.95

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

National Bank of Canada MarketRank™ Stock Analysis

Analyst Rating: Hold
2.18 Rating Score
Upside/Downside: 8.3% Upside
C$101.95 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.54
Based on 24 Articles This Week
Insider Trading: Acquiring Shares
C$34,009 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.00 out of 5 stars

2.1

Analyst's Opinion

Consensus Rating
National Bank of Canada has received a consensus rating of Hold. The company's average rating score is 2.18, and is based on 3 buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of C$101.95, National Bank of Canada has a forecasted upside of 8.3% from its current price of C$94.15.
Amount of Analyst Coverage
National Bank of Canada has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for NA.

2.5

Dividend Strength

Dividend Leadership
National Bank of Canada is a leading dividend payer. It pays a dividend yield of 4.54%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
National Bank of Canada does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of National Bank of Canada is 45.20%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NA.

3.1

News and Social Media Coverage

News Sentiment
National Bank of Canada has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.38 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 24 news articles for National Bank of Canada this week, compared to 7 articles on an average week.
Search Interest
6 people have searched for NA on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added National Bank of Canada to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, National Bank of Canada insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$34,009.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
Only 0.20% of the stock of National Bank of Canada is held by insiders.
Percentage Held by Institutions
Only 35.38% of the stock of National Bank of Canada is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of National Bank of Canada is 10.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of National Bank of Canada is 10.04, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 334.15.
Price to Earnings Growth Ratio
National Bank of Canada has a PEG Ratio of 17.04. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
National Bank of Canada has a P/B Ratio of 1.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About National Bank of Canada Stock (TSE:NA)

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services comprise credit, and deposit and investment solutions, as well as international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services. The Wealth Management segment comprises investment solutions, trust services, banking services, lending services, and other wealth management solutions. The Financial Markets segment offers corporate banking, advisory, and capital markets services; and project financing, debt, and equity underwriting; advisory services in the areas of mergers and acquisitions, and financing. The U.S. Specialty Finance and International segment provides specialty finance products; financial products and services to individuals and businesses in Cambodia; and investment solutions, guaranteed investment certificates, mutual funds, notes, structured products, and monetization. National Bank of Canada was founded in 1859 and is based in Montreal, Canada.

NA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NA Stock News Headlines

December 5, 2023 | finance.yahoo.com

What To Expect From The Bank Of Canada’s Next Interest Rate Announcement

December 5, 2023 | americanbankingnews.com

National Bank of Canada (TSE:NA) Price Target Cut to C$93.00 by Analysts at Scotiabank

December 6, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

December 4, 2023 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: S&P Global (SPGI) and National Bank of Canada (OtherNTIOF)

December 4, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Financial Companies: National Bank of Canada (OtherNTIOF) and Bank Of Montreal (BMO)

December 3, 2023 | theglobeandmail.com

Big Six bank earnings, Canada’s GDP and business bankruptcies: Business and investing news for December 3

December 1, 2023 | morningstar.com

National Bank of Canada on Pace for Largest Percent Increase Since February 2021 — Data Talk

December 1, 2023 | marketwatch.com

National Bank Shares Rise After Earnings Beat, Boost to Dividend

December 6, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

December 1, 2023 | marketwatch.com

Toronto Stocks Advance; National Bank of Canada Climbs on 4Q Profit, Revenue Growth

December 1, 2023 | finance.yahoo.com

CANADA STOCKS-TSX starts December on steady footing as communications gains offset tech losses

December 1, 2023 | benzinga.com

National Bank of Canada: Q4 Earnings Insights

December 1, 2023 | marketwatch.com

National Bank of Canada Boosts Dividend by 3.9%, Sets Stock Buyback

December 1, 2023 | theglobeandmail.com

National Bank profit tops forecasts on capital markets surge, lower loan-loss provisions

December 1, 2023 | msn.com

National Bank of Canada lifts dividend by ~4% to CAD 1.06/share

December 1, 2023 | finance.yahoo.com

National Bank reports its 2023 fourth-quarter and annual results and raises its quarterly dividend by 4 cents to $1.06 per share

December 1, 2023 | finance.yahoo.com

National Bank increases its common share dividend by 4 cents, up approximately 4% from previous quarter

December 1, 2023 | finance.yahoo.com

National Bank of Canada announces its intention to launch a normal course issuer bid

November 30, 2023 | msn.com

Posthaste: Why the Bank of Canada could cut interest rates much more than markets expect

November 29, 2023 | financialpost.com

High housing prices a 'conundrum' for Bank of Canada, National Bank economist says

November 29, 2023 | finance.yahoo.com

Housing Prices Are ‘Conundrum’ for Bank of Canada, National Bank’s Marion Says

November 26, 2023 | americanbankingnews.com

National Bank of Canada (TSE:NA) Given Average Recommendation of "Hold" by Analysts

November 25, 2023 | finance.yahoo.com

Government of Canada announces an additional $6 million to protect Fort Mississauga National Historic Site

November 24, 2023 | markets.businessinsider.com

KBW Sticks to Their Hold Rating for National Bank of Canada (NTIOF)

November 24, 2023 | finance.yahoo.com

National Bank of Canada issues Panda Bonds in Mainland China

November 23, 2023 | investing.com

National Bank of Canada Pref S (NA_ps)

November 22, 2023 | msn.com

UPDATE 1-Bank of Canada says rates may be at peak, excess demand now gone

See More Headlines

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Company Calendar

Ex-Dividend for 11/1 Dividend: 9/22/2023
Dividend Payable: 11/01/2023
Last Earnings: 12/01/2023
Today: 12/06/2023
Ex-Dividend for 2/1 Dividend: 12/21/2023
Dividend Payable: 2/01/2024
Next Earnings (Estimated): 3/06/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Banks - Diversified
Sub-Industry: N/A
Sector: Financial Services
Current Symbol: TSE:NA
CUSIP: N/A
CIK: N/A
Web: www.nbc.ca
Phone: +1-514-3946751
Fax: N/A
Employees: 28,901
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$101.95
High Stock Price Target: C$108.00
Low Stock Price Target: C$93.00
Potential Upside/Downside: +7.9%
Consensus Rating: Hold
Rating Score (0-4): 2.18
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$9.38
Trailing P/E Ratio: 10.07
Forward P/E Ratio: 9.87
P/E Growth: 17.04
Net Income: C$3.20 billion
Net Margins: 34.15%
Pretax Margin: N/A
Return on Equity: 14.68%
Return on Assets: 0.81%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: C$9.77 billion
Price / Sales: 3.27
Cash Flow: C$467.54 per share
Price / Cash Flow: 0.20
Book Value: C$60.68 per share
Price / Book: 1.56

Miscellaneous

Outstanding Shares: 338,270,000
Free Float: N/A
Market Cap: C$31.96 billion
Optionable: Not Optionable
Beta: 1.10

A Guide To High-Short-Interest Stocks

MarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

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Key Executives

Mr. Laurent Ferreira (Age 52)
President, CEO & Director
Comp: $2.89M
Ms. Marie Chantal Gingras
CFO & Executive VP of Finance
Ms. Lucie Blanchet
Executive Vice-President of Personal Banking & Client Experience
Ms. Julie Levesque
Executive Vice-President of Technology & Operations
Ms. Linda Boulanger
Senior Vice President of Investor Relations
Ms. Nicole Rondou
Vice President of Compliance
Dominic Paradis
Senior VP of Legal Affairs & Corporate Secretary
Claude Breton
Vice-President of Communications & Corporate Social Responsibility
Ms. Brigitte Hebert
Head of Employee Experience & Executive VP of Employee Experience
Mr. Jean Dagenais
Senior Vice-President of Finance

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

Should I Buy National Bank of Canada Stock? NA Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of National Bank of Canada was last updated on Sunday, December 3, 2023 at 5:01 PM.

Pros

Here are some ways that investors could benefit from investing in National Bank of Canada:

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. This wide range of offerings allows investors to diversify their investment portfolio and potentially benefit from multiple revenue streams.
Recent developments in the company's product solutions and services have shown promising growth. Nano Labs Ltd, a subsidiary of National Bank of Canada, operates as a fabless integrated circuit design company and product solution provider in the People's Republic of China. This expansion into international markets presents opportunities for increased revenue and market share.
The company's strong presence in the Canadian market, coupled with its long history dating back to 1859, demonstrates stability and reliability. Investors may find comfort in investing in a well-established financial institution with a proven track record.
National Bank of Canada offers a wide range of investment options, including stocks, bonds, certificates, mutual funds, notes, structured products, and monetization. This variety allows investors to tailor their investment strategy to their specific financial goals and risk tolerance.
Investors can stay informed about the company's performance and make informed investment decisions by regularly monitoring the latest updates and insights provided by National Bank of Canada. This ensures that investors have access to up-to-date information and can react to market trends accordingly.

Cons

Investors should be bearish about investing in National Bank of Canada for these reasons:

While National Bank of Canada has shown growth and expansion in recent years, investors should be aware of potential risks associated with operating in international markets, such as regulatory challenges, geopolitical uncertainties, and currency fluctuations.
As with any investment in the financial sector, there is inherent market risk. Investors should carefully consider their risk tolerance and investment objectives before investing in National Bank of Canada.
Fluctuations in the stock market and economic conditions can impact the performance of National Bank of Canada and its financial products. Investors should be prepared for potential volatility and be able to withstand short-term market fluctuations.
Investors should closely monitor the company's financial health and performance indicators, such as earnings reports, balance sheets, and key financial ratios. This will help investors assess the company's financial stability and make informed investment decisions.
It is important for investors to understand and evaluate the competitive landscape in which National Bank of Canada operates. This includes analyzing the strategies and offerings of other financial institutions to assess potential threats and opportunities in the market.

NA Stock Analysis - Frequently Asked Questions

Should I buy or sell National Bank of Canada stock right now?: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for National Bank of Canada in the last year. There are currently 1 sell rating, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NA, but not buy additional shares or sell existing shares.
View NA analyst ratings or view top-rated stocks.
What is National Bank of Canada's stock price target for 2024?: 11 brokers have issued 12 month target prices for National Bank of Canada's stock. Their NA share price targets range from C$93.00 to C$108.00. On average, they predict the company's share price to reach C$101.95 in the next year. This suggests a possible upside of 8.3% from the stock's current price.
View analysts price targets for NA or view top-rated stocks among Wall Street analysts.
How have NA shares performed in 2023?: National Bank of Canada's stock was trading at C$91.23 at the start of the year. Since then, NA shares have increased by 3.2% and is now trading at C$94.15.
View the best growth stocks for 2023 here.
When is National Bank of Canada's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our NA earnings forecast.
How were National Bank of Canada's earnings last quarter?: National Bank of Canada (TSE:NA) released its quarterly earnings results on Friday, December, 1st. The financial services provider reported $2.44 earnings per share for the quarter, topping analysts' consensus estimates of $2.29 by $0.15. The financial services provider had revenue of $2.59 billion for the quarter. National Bank of Canada had a net margin of 34.15% and a trailing twelve-month return on equity of 14.68%.

How often does National Bank of Canada pay dividends? What is the dividend yield for National Bank of Canada?: National Bank of Canada announced a quarterly dividend on Friday, December 1st. Investors of record on Monday, December 25th will be paid a dividend of 1.06 per share on Thursday, February 1st. This represents a $4.24 annualized dividend and a dividend yield of 4.50%. The ex-dividend date is Thursday, December 21st. This is an increase from the stock's previous quarterly dividend of C$1.02.
Read our dividend analysis for NA.
Is National Bank of Canada a good dividend stock?: National Bank of Canada (TSE:NA) pays an annual dividend of C$4.24 per share and currently has a dividend yield of 4.54%. NA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 45.20%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for NA.
What other stocks do shareholders of National Bank of Canada own?: Based on aggregate information from My MarketBeat watchlists, some companies that other National Bank of Canada investors own include Intact Financial (IFC), Constellation Software (CSU), Alimentation Couche-Tard (ATD.B), AutoCanada (ACQ), Toronto-Dominion Bank (TD), AbbVie (ABBV), Vermilion Energy (VET), Royal Bank of Canada (RY), Bank of Nova Scotia (BNS) and
How do I buy shares of National Bank of Canada?: Shares of NA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:NA) was last updated on 12/6/2023 by MarketBeat.com Staff

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National Bank of Canada Stock Price, News & Analysis (TSE:NA)

National Bank of Canada MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About National Bank of Canada Stock (TSE:NA)

NA Stock Price History

NA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

Should I Buy National Bank of Canada Stock? NA Pros and Cons Explained

Pros

Cons

NA Stock Analysis - Frequently Asked Questions

Overall MarketRank^™