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National Bank of Canada
Video analysis: NTIOF
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News: NTIOF
National Bank of Canada (NA:CA) Q3 2026 Earnings Call Transcript
National Bank of Canada (NA:CA) Q3 2026 Earnings Call Transcript
National Bank of Canada Q3 Earnings Call Highlights
National Bank of Canada TSE: NA reported third-quarter fiscal 2026 adjusted earnings per share of CAD 3.39, up 26% from a year earlier, as revenue growth across its fee-based businesses, strong balance-sheet expansion and favorable market conditions supported results.
National Bank of Canada: Upside Is Tricky At This Valuation
National Bank of Canada delivered strong Q3 '26 results but trades at a 17-18x P/E, well above historical norms. I maintain a Hold rating on NTIOF with a CAD130/share price target, reflecting franchise strength but cautioning against current valuation excess. NA's premium valuation is unwarranted given rising mortgage delinquencies, consumer insolvencies, and macroeconomic headwinds in Canada.
Royal Bank Vs. National Bank: How To Pick When Both Stocks Are Great
Most investing content teaches you to tell a good company from a bad one. Almost nobody tells you what to do when both pass every test you know how to run. Royal Bank and National Bank are nearly identical on yield, payout ratio, and valuation, so the decision comes down to which investment thesis you prefer, not which metric reads higher. Stop looking for a metric to break the tie. Go to the investment thesis instead.
We Have A Valuation Problem - May Dividend Income Report
I don't love valuation models because they rely on assumptions, and assumptions can be dangerous. But we still need to pay attention. I sold my position in BIPC not because I don't like the stock or that I'm spooked by recent movement, but rather in the optic of portfolio simplification. Since I started this portfolio in September 2017, I have received a total of $36,444.54 CAD in dividends.
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