National Bank of Canada (TSE:NA) Releases Quarterly Earnings Results

National Bank of Canada (TSE:NA) issued its quarterly earnings results on Wednesday. The financial services provider reported C$3.25 EPS for the quarter, FiscalAI reports. The company had revenue of C$3.89 billion for the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%.

Here are the key takeaways from National Bank of Canada’s conference call:

• Generated EPS of CAD 3.25 (up 11% YoY) with a return on equity of 16.6%, and management raised the 2026 ROE target to ~16% with a path to 17%+ in 2027.
• Upsized the NCIB to repurchase up to 14.5 million shares (6.4M repurchased to date) and targets CET1 convergence toward 13% by end‑2027, signaling continued capital returns.
• Integration of Canadian Western Bank is ahead on synergies — CAD 176 million of cost/funding synergies realized to date (exceeding year‑1 target) and on track for CAD 270 million by end‑2026, with revenue synergies progressing toward a CAD 50 million target.
• Broad-based business strength: P&C net income of CAD 442 million (mortgages +3% sequential), Wealth net income +13% to CAD 274 million with AUA near CAD 900 billion, and Capital Markets net income of CAD 443 million (up 6% YoY).
• Credit trends are stable but conservative — total PCLs of CAD 244 million (32 bps) with allowances of CAD 2.5 billion (5.9x coverage); management expects impaired provisions within its 25–35 bps guidance and did not assume credit improvement in the 2027 ROE plan.

National Bank of Canada Price Performance

Shares of NA opened at C$192.41 on Friday. The company has a market cap of C$75.10 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 7.14 and a beta of 1.05. The firm has a 50-day moving average of C$172.24 and a 200-day moving average of C$161.54. National Bank of Canada has a one year low of C$106.67 and a one year high of C$192.52.

National Bank of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, February 1st. Stockholders of record on Sunday, February 1st were given a $1.24 dividend. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.18. The ex-dividend date of this dividend was Monday, December 29th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.6%. National Bank of Canada’s payout ratio is 46.08%.

Trending Headlines about National Bank of Canada

Here are the key news stories impacting National Bank of Canada this week:

• Positive Sentiment: Q1 earnings beat — National Bank reported C$3.25 EPS, revenue C$3.89B and profit growth driven by wealth management; the print and commentary helped lift the share price. Toronto Stocks Advance; National Bank of Canada Rises on Earnings Beat in 1Q
• Positive Sentiment: Company intends to amend its normal-course issuer bid — indicates potential for increased buybacks / shareholder support, a catalyst for valuation re-rating. National Bank of Canada announces its intention to amend its normal course issuer bid
• Positive Sentiment: Scotiabank raised its target to C$202 and kept an outperform view — one of the largest upside targets among brokers, supporting bullish sentiment. Stock news for investors: Big gains for Canada’s banks in Q1
• Positive Sentiment: Desjardins bumped its price target to C$200 with a buy rating — another top-tier target that supports upside case. National Bank of Canada (TSE:NA) Given New C$200.00 Price Target at Desjardins
• Positive Sentiment: Raymond James and others raised targets to around C$200 — reinforces analyst confidence post-earnings. Analyst ratings roundup
• Positive Sentiment: BMO Capital Markets lifted its target to C$195 and holds an outperform view — adds to the cluster of high-$190s/low-$200s targets. National Bank of Canada (TSE:NA) Price Target Raised to C$195.00 at BMO Capital Markets
• Neutral Sentiment: RBC/CIBC raised targets to about C$193 — modest upside vs. current levels, signaling a cautious but constructive view. Analyst ratings roundup
• Neutral Sentiment: Canaccord and Barclays moved targets (Canaccord to C$191; Barclays to C$183) and kept hold/equal-weight stances — mixed signals that trim conviction. Canaccord Genuity Group Issues Positive Forecast for National Bank of Canada (TSE:NA) Stock Price
• Negative Sentiment: TD Securities set a C$182 target (below current price) — implies limited near-term upside per that house. National Bank of Canada (TSE:NA) Given New C$182.00 Price Target at TD Securities
• Negative Sentiment: Jefferies lowered its relative target to C$172 — the most conservative view among recent notes and the largest implied downside. National Bank of Canada (TSE:NA) Given New C$172.00 Price Target at Jefferies Financial Group

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on National Bank of Canada from C$165.00 to C$172.00 in a research report on Thursday. BMO Capital Markets raised their price target on shares of National Bank of Canada from C$177.00 to C$195.00 and gave the stock an “outperform” rating in a research note on Thursday. Raymond James Financial lifted their price objective on shares of National Bank of Canada from C$179.00 to C$200.00 and gave the company a “market perform” rating in a report on Thursday. Scotiabank increased their target price on shares of National Bank of Canada from C$188.00 to C$202.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Canadian Imperial Bank of Commerce raised their target price on shares of National Bank of Canada from C$189.00 to C$193.00 in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$186.45.

About National Bank of Canada

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.