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National Bank of Canada T.NA

Alternate Symbol(s):  T.NA.PR.C | T.NA.PR.E | T.NA.PR.G | T.NA.PR.S | T.NA.PR.W | NTIOF | T.NA.R | NBKCF | NBCDF

National Bank of Canada (the Bank) operates as an integrated financial group. The Bank operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International (USSF&I). Its Personal and Commercial segment includes banking, financing, and investing services offered to individuals, advisors, and businesses as well as insurance operations. Its Wealth Management segment includes investment solutions, trust services, banking services, lending services, and other wealth management solutions offered through internal and third-party distribution networks. Its Financial Markets segment includes corporate banking and investment banking and financial solutions for large and mid-size corporations, public sector organizations, and institutional investors. Its USSF&I segment includes the specialty finance services provided by its subsidiaries, Credigy Ltd. and Advanced Bank of Asia Limited.


TSX:NA - Post by User

Post by 1northumberlandon Jun 14, 2024 5:47am
112 Views
Post# 36088615

The Deal

The Deal

You either try to grow organically which bears a lot less risk but takes forever to do.
NA decided to get mkt share immediately an  of course you are going to have to pay up for this.
NA has proven to be a shrewd Bank over the years which has led it become the best performing bank over many years.

I think they saw it as a one time opportunity that they were willing to pay a premium for.
now they will truly become a national bank - no pun intended.

now the hard work begins. 

Out of the big 6 cdn banks, I believe NA is the most entrepreneurial .
I feel This tie up will be a case where both sides can teach the other something.and make gobs of money in the process.

fun fact- I personally believe National Bank offers the best credit card among the banks. For its yearly $125 fee is a bargain with all the extra benefits you receive. 

Miles better than those aeroplan or Wedtjet credit cards that have more exceptions ( holes) than Swiss cheese imo.

This stock will never $12.30 by Monday - imo.

buy when there is blood in the streets while 90%?of investors are paralyzed and will only buy when it's through $112.00.

If your going to wait for the clear signal to purchase NA, your going to miss out. Buy quality companies when they temporarily out of favour.
That's Warren Buffets mantra.
 

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