Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

National Bank of Canada T.NA

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

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

Bullboard Posts
Post by dsarkon Oct 19, 2015 9:38pm
180 Views
Post# 24206927

Loaded the boat with shares today

Loaded the boat with shares todayNot that it matters to anyone but I could not resist myself anymore.  The bank sure has some stuff its working through:  share price digesting the 7M share issuance, the potential write off of up to $165 million in Maple Financial Group, & the Q4 restructuring fee of $64 million.  However, this bank has the most attractive future PE Ratio of any bank.  With a 2016 EPS estimate of ~$4.80 (2015 EPS estimate was $4.59), National Bank currently trades at a very attractive ~8.5 X future earnings.  A tremendous deal for this quality of company.  A 45% payout ratio means we should see another bump in the dividend in 2016. 

Regarding share price:  National Bank has gone from being one of the best performing banks to the worst performing bank in 6 months.  The big 5 have all started to move and National Bank looks like its almost finished forming its bullish falling wedge. 

I like the 5+% dividend and I plan on selling calls against my shares to hopefully boost the distribution up to 9+%.   

We have an average share price target of $48 (17% upside). 

Cheers to the longs,

dsark
Bullboard Posts