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.