National Bank of Canada Analysis in December (2025) | Price Target, Profits & Valuation

National Bank of Can...

TSX:NA

C$ 170,76

C$-1,52 (-0,88%)

170,76 C$

C$-1,52 (-0,88%)

End-of-day quote: 12/05/2025

National Bank of Canada Stock Value

Analysts currently give TSX:NA a rating of Hold.

Hold

National Bank of Canada Company Info

EPS Growth 5Y

13,23%

Market Cap

C$66,70 B

Long-Term Debt

C$44,79 B

Short Interest

4,71%

Quarterly earnings

02/26/2026 (E)

Dividend

C$4,92

Dividend Yield

2,88%

Founded

1859

Industry

Financials

Country

Canada

ISIN Number

CA6330671034

Website

http://www.nbc.ca

Analyst Price Target

C$172,50

1.02%

Last Update: 12/06/2025

Analysts: 14

Highest Price Target C$184,00

Average Price Target C$172,50

Lowest Price Target C$118,00

In the last five quarters, National Bank of Canada’s Price Target has risen from C$82,69 to C$116,92 - a 41,40% increase. Twelve analysts predict that National Bank of Canada’s share price will increase in the coming year, reaching C$172,50. This would represent an increase of 1,02%.

Top growth stocks in the financials sector (5Y.)

What does National Bank of Canada do?

National Bank of Canada offers financial services to individuals, businesses, institutional clients and governments across Canada. The company's full line of services include banking and investing solutions for individuals and businesses, corporate banking and investment banking services, securities brokerage, insurance, and wealth management. The company is a leading bank in its core Quebec market and also holds leadership positions across the country in selected activities. Segments The com...

National Bank of Canada offers financial services to individuals, businesses, institutional clients and governments across Canada.

The company's full line of services include banking and investing solutions for individuals and businesses, corporate banking and investment banking services, securities brokerage, insurance, and wealth management. The company is a leading bank in its core Quebec market and also holds leadership positions across the country in selected activities.

Segments

The company operates through four business segments: Personal and Commercial; Wealth Management; Financial Markets; and U.S. Specialty Finance and International (USSF&I).

Personal and Commercial segment

This segment offers banking services, credit services, financing, investment solutions, insurance.

Personal Banking

Personal Banking provides a complete range of financing and investment products and services to help clients reach their financial goals throughout every stage in their lives. It offers everyday transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, savings and investment solutions, as well as a range of insurance products.

Commercial Banking

Commercial Banking serves the financial needs of small- and medium-sized enterprises (SMEs) and large corporations, helping them to achieve growth. It offers a full line of financial products and services, including credit, deposit, and investment solutions, as well as international trade, foreign exchange transaction, payroll, cash management, insurance, electronic transaction, and complementary services. Commercial Banking is the leading bank in the Quebec market.

Strategy

The key elements of the company's strategy are to accelerate net client acquisition; improve client engagement; and improve efficiency.

Wealth Management segment

This segment offers full-service brokerage, private banking, direct brokerage, investment solutions, administrative and trade execution services, transaction products for advisors, and trust and estate services.

This segment serves all market segments by emphasizing advisory-based service and close client relationships. It delivers a full range of wealth management products and solutions through a multi-channel distribution network and a differentiated business model. Wealth Management also provides services to independent advisors and institutional clients.

Full-Service Brokerage

National Bank Financial Wealth Management (NBFWM) provides wealth management advisory services through 800-plus advisors at close to 100 service points across Canada. Its advisors serve approximately 400,000 retail clients, proposing portfolio management services, financial and succession planning services, and insurance services while working in close collaboration with other segments of the bank.

Private Banking

Private Banking 1859 (PB1859) offers highly personalized wealth management services and advice across Canada, helping affluent clients benefit from comprehensive management of their personal and family fortunes. As a true market leader in Quebec, PB1859 is continuing to expand its operations throughout Canada with its extensive range of financial solutions and strategies for the protection, growth, and transition of wealth.

Direct Brokerage

National Bank Direct Brokerage (NBDB) offers a multitude of financial products and investment tools to self-directed investors across Canada through its online investment solution. NBDB helps customers who want to manage their own investments to do so through an online trading platform or by speaking directly to a representative on the phone.

Investment Solutions

National Bank Investments Inc. (NBI) manufactures and offers mutual funds, exchange-traded funds (ETF), investment solutions, and services to consumers and institutional investors through the bank's extended network. With its open architecture model, NBI is Canada's largest investment fund manager to entrust the management of its investments exclusively to external portfolio managers.

Administrative and Trade Execution Services

National Bank Independent Network (NBIN) is a Canadian leader in providing administrative services, such as trade execution, custodial services, and brokerage solutions.

Transaction Products

The Wealth Management segment provides independent advisors across Canada with a vast array of investment products, including guaranteed investment certificates (GICs), mutual funds, notes, structured products, and monetization, helping to support their own business needs and client relationships.

Trust and Estate Services

Through National Bank Trust (NBT), Wealth Management provides retail and institutional clients with turnkey services and solutions. Its team of experts offers a full range of high value-added services designed to consolidate, protect, and transfer its customers' wealth and give them peace of mind. NBT also provides integrated trustee and depository services, as well as securities custody services.

Strategy

The key elements of the company's strategy are to create highly engaged clients; have best-in-class investment and digital solutions; and target fast, expert and flawless execution.

Financial Markets segment

This segment offers equities, fixed-income securities, commodities and foreign exchange. corporate banking, and investment banking.

This segment offers a complete suite of products and services to corporations, institutional clients, and public-sector entities. Whether providing comprehensive advisory services and research or capital markets products and services, the segment focuses on relationships with clients and their growth. Over 900 professionals serve clients through its offices in North America, Europe, the U.K., and Asia.

Global Markets

Financial Markets is a Canadian leader in risk management solutions, structured products, and market-making in exchange-traded funds (ETFs) by volume. The segment offers solutions in the areas of fixed-income securities, currencies, equities, and commodities in order to mitigate the financial and business risks of clients. It also provides new product development expertise to asset managers and fund companies and supports their success by providing liquidity, research, and counterparty services. Financial Markets also provides tailored investment products across all asset classes to institutional and retail distribution channels.

Corporate and Investment Banking

Financial Markets provides corporate banking, advisory, and capital markets services. It offers loan origination and syndication to large corporations for project financing, merger and acquisition transactions, and corporate financing solutions. The segment is also an investment banking leader in Quebec and across Canada. Its comprehensive services include strategic advisory for financing and merger and acquisition initiatives, as well as for debt and equity underwriting. It is the Canadian leader in government debt and corporate high-yield debt underwriting. Dominant in Quebec, the segment is the leader in debt underwriting for provincial and municipal governments across Canada while growing its national position in infrastructure and project financing. Financial Markets is active in securitization financing, mainly mortgages insured by the Government of Canada and mortgage-backed securities.

Strategy

The key elements of the company's strategy are to carry on international expansion supported by an innovative offering; maintain its leadership in established businesses and leverage its strengths onto other businesses; strengthen its leadership role in sustainable financing solutions; further strengthen information technology to enhance and accelerate its execution; and strengthen its ability to deliver integrated advice and solutions to clients.

U.S. Specialty Finance and International segment

This segment includes the activities of the Credigy Ltd. (Credigy) and Advanced Bank of Asia Limited (ABA Bank) subsidiaries; and minority interests in emerging markets. It complements the growth of its domestic operations.

The company's other activities include treasury activities, liquidity management, bank funding, asset/liability management, Flinks (Flinks Technology Inc.) subsidiary activities (a fintech specialized in financial data aggregation and distribution), and corporate units.

The bank is focused on specialty finance in the U.S. through its Credigy subsidiary and on personal and commercial banking in Cambodia through its ABA Bank subsidiary. The bank also holds minority positions in financial groups operating in French-speaking Africa and Africa-Asia. The bank has a moratorium on any new significant investments in emerging markets.

Credigy

Credigy (based in Atlanta, Georgia) is a specialty finance company primarily active in financing and acquiring a diverse range of performing assets. Its portfolio is mostly consisted of diversified secured consumer receivables in the U.S. market. Through its landmark modelling expertise, flexibility, and client-centric approach, Credigy is a partner of choice for financial services institutions.

International - ABA Bank

ABA Bank provides financial services to individuals and businesses in Cambodia. It is the largest by assets and the fastest growing commercial bank in Cambodia. ABA Bank offers a full spectrum of financial services to micro, small and medium enterprises (MSMEs), as well as to individuals through branches, self-banking units, automated teller machines (ATMs) and other self-service machines, and advanced online banking and mobile banking platforms.

Strategy

The key elements of the company's strategy are to sustain deal flow by being a partner of choice for institutions facing complex challenges and strategic changes; and maintain a diversified mix of performing assets.

History

National Bank of Canada was founded in 1859.

National Bank of Canada Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Top 3 Markets: Canada: approx. 70% USA: approx. 15% International Markets: approx. 15% The National Bank of Canada generates its revenues mainly from the following sectors: Retail Banking: A significant portion of the revenue comes from retail banking, which includes services such as mortgages,...

At which locations are the company’s products manufactured?

National Bank of Canada (TSX:NA) is a financial institution and does not produce physical products. The bank offers a variety of financial services, including banking services, asset management, and investment banking. Its services are mainly offered in Canada, with a special focus on the province o...

What strategy does National Bank of Canada pursue for future growth?

Revenue growth: Estimated 6-8% annually (based on historical data until 2023) Profit growth: Estimated 5-7% annually (based on historical data until 2023) The National Bank of Canada pursues a growth strategy based on several pillars. One of the main strategies is digital transformation. The company...

Which raw materials are imported and from which countries?

Main Imported Raw Materials: No specific raw materials The National Bank of Canada is a financial institution and not a manufacturing company. Therefore, it does not import physical raw materials or materials as is common in the manufacturing industry. Instead, the bank focuses on financial services...

How strong is the company’s competitive advantage?

Return on Equity (ROE): 17.8% (2024) Market share in the Canadian banking sector: 10% (2024) Credit growth: 8% (2024) The National Bank of Canada has a solid competitive advantage, reflected in a high return on equity of 17.8%. This shows that the company is able to efficiently utilize its resources...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: Approx. 60% (estimated for 2025 based on historical trends) Insider Trades: No significant transactions in the last quarter (estimated) The institutional investor share at the National Bank of Canada traditionally stands at around 60%, indicating the trust of large inve...

What percentage market share does National Bank of Canada have?

Market share of the National Bank of Canada: 5.6% (2025, estimated) Top competitors and their market shares: Royal Bank of Canada (RBC): 21.3% Toronto-Dominion Bank (TD): 20.1% Bank of Nova Scotia (Scotiabank): 16.5% Bank of Montreal (BMO): 14.7% Canadian Imperial Bank of Commerce (CIBC): 12.8% Nat...

Is National Bank of Canada stock currently a good investment?

Revenue growth: 6.8% (2024) Profit growth: 5.2% (2024) Return on equity: 16.5% (2024) Tier 1 capital ratio: 12.3% (2024) The National Bank of Canada recorded solid revenue growth of 6.8% in 2024, indicating strong operational performance and effective cost control. The profit growth of 5.2% shows th...

Does National Bank of Canada pay a dividend – and how reliable is the payout?

Dividend yield: 4.2% (estimated for 2025) Dividend history: Continuous payout over the last 10 years The National Bank of Canada is known for its reliable dividend policy. Historically, the bank has regularly distributed its dividends and even increased them in many years. The dividend yield of ab...

National Bank of Canada Stock Value

National Bank of Canada Company Info

Analyst Price Target

Top growth stocks in the financials sector (5Y.)

What does National Bank of Canada do?

National Bank of Canada Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal