National Bank of Canada (NA) News Today

National Bank of Canada (TSE: NA) shares have decreased today on mixed sector momentum and company-specific headwinds. While solid bank earnings and a new dividend announcement underpin broader market strength, National Bank’s own quarterly profit miss and several analyst price-target cuts weigh on the stock.

• Positive Sentiment: Canada’s largest banks, including National Bank, beat third-quarter expectations as trade pressures eased. Canada's biggest banks beat 3rd quarter expectations as trade pressures ease
• Positive Sentiment: Analysts at Scotiabank raised their target on NA from C$142.00 to C$147.00 and upgraded to “outperform,” implying further upside. Scotiabank Price Target Change
• Positive Sentiment: The TSX hit a new peak, led by robust bank earnings that buoyed the financial sector. TSX scales new peak, lifted by robust bank earnings
• Positive Sentiment: TSX opened at a record high, driven by strong quarterly results across Canada’s big banks. TSX hits record high at open on robust bank earnings
• Positive Sentiment: Declared a quarterly dividend of C$1.18 per share (3.3% yield), payable November 1 to shareholders of record September 29.
• Neutral Sentiment: Bank CEOs note an improving outlook for tariff impacts in Canada but warn that upcoming USMCA negotiations could introduce new uncertainties. Improving outlook for tariff impact clouded by coming USMCA negotiations, bank CEOs say
• Negative Sentiment: Quarterly profit fell short of estimates as trading revenues slowed, undercutting investor expectations. National Bank of Canada's quarterly profit misses estimates as trading slows
• Negative Sentiment: BNN reports Royal Bank beat estimates while National Bank missed, highlighting relative underperformance. The Daily Chase: Royal Bank beats but National misses
• Negative Sentiment: Desjardins cut its target on NA from C$150.00 to C$149.00 and maintained a “hold” rating. Desjardins Price Target Change
• Negative Sentiment: RBC lowered its target from C$152.00 to C$148.00 and assigned a “sector perform” rating. Royal Bank of Canada Price Target Change
• Negative Sentiment: Jefferies cut its target from C$157.00 to C$153.00 and kept a “hold” stance, the steepest downgrade among peers. Jefferies Price Target Change