11:59:08 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



National Bank of Canada
Symbol NA
Shares Issued 341,794,282
Close 2018-01-22 C$ 65.35
Market Cap C$ 22,336,256,329
Recent Sedar Documents

Globe says Nat Bank of Canada kept at "underperform"

2018-01-22 07:45 ET - In the News

The Globe and Mail reports in its Saturday, Jan. 20, edition that Credit Suisse analyst Nick Stogdill in a sector forecast report released Friday says Canadian banks are enjoying momentum heading into 2018. The Globe's David Leeder writes in the Eye On Equities column that Mr. Stogdill rates National Bank of Canada ($65.08) "underperform." Mr. Stogdill boosted his share target to $64 from $61. Analysts on average target the shares at $66.50. Mr. Stogdill says in a note: "National Bank of Canada delivered strong growth in 2017 and we believe it will be more challenging for the bank to deliver similar performance in 2018, particularly in terms of efficiency gains. Relative valuation remains above-average and our lower total return for the bank is warranted based on our implied cost of equity analysis which also shows less fundamental improvements in its business vs. peers over the long-term." The Globe reported on Nov. 23 that Scotiabank analyst Sumit Malhotra said he was "moving to the sidelines" on National Bank after an "impressive run," lowering his rating for the bank's stock to "sector perform" from "sector outperform." The bank's shares could then be had for $63.25.

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