Bullboard - Stock Discussion Forum National Bank of Canada T.NA.PR.S

Primary Symbol: T.NA Alternate Symbol(s): NTIOF | 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... see more

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TSX:NA - Post Discussion

National Bank of Canada > David Baskin - BNN - TOP PICK

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Post by Possibleidiot01 on Nov 14, 2023 7:47pm

David Baskin - BNN - TOP PICK

TOP PICK NA-T National Bank of Canada(NA-T) 14/11/2023 National Bank of Canada NA is less exposed to mortgage renewals than other Canadian banks, because the housing prices in Quebec didn't rocket up like other areas of Canada. Also, the yield is great and the PE low. They are a little exposed on their proprietary trading, but they have a strong presence in Quebec. The best Canadian bank. (Analysts price target is $104.22) banks $89.990 Owned National Bank (NA TSX) Despite the headwinds facing the Canadian banking sector, we think National should outperform in a recession. Over half of Nationals portfolio is in Quebec, which should perform well due to lower household leverage and fewer housing-related risks than other provinces. National has a very strong balance sheet and has managed its funding prudently, which should allow for stable margins going forward. At under 10x earnings, we think shares are attractively valued.

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