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StockVS

TSX · Banks - Diversified · CAD

National Bank of Canada (NA.TO) Stock Analysis

National Bank of Canada (NA.TO) is a Banks - Diversified stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

NA.TO

CA$207.47

+CA$3.87 (+1.90%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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NA.TO Key Statistics

As of Oct 21, 2026
Trading
Open
CA$204.49
Previous Close
CA$203.60
Day's Range
204.49–207.74
52-Week Range
151.65–237.13
Volume
1.72M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.17
Valuation
Market Cap
CA$79.43B
P/E Ratio
17.35
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
14.43
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
1.30
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
5.45
EPS (ttm)Profit attributable to each share over the last twelve months.
11.96
Financials (FY)
Revenue (FY)
CA$14.02B+22.87%
Net Income (FY)
CA$4.02B+5.24%
Profit marginThe share of revenue left as profit after all costs and taxes.
33.28%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
382.84M
1-Year Return
+38.57%
Dividend and dates
Dividend
CA$5.28+2.59%
Ex-Dividend Date
September 28, 2026
Avg Volume
1.44M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, NA.TO closed at CA$207.47, +38.57% over 1 year.

National Bank of Canada (NA.TO) has a market capitalization of CA$79.43B.

In fiscal 2025, NA.TO reported revenue of CA$14.02B.

NA.TO Stock Return by Calendar Year

National Bank of Canada (NA.TO) 10-year return: what CA$10,000 became

1 year
CA$10,000 CA$13,857
+38.57%
5 years
CA$10,000 CA$24,116
+141.16%
10 years
CA$10,000 CA$64,660
+546.60%

If you had invested CA$10,000 in National Bank of Canada (NA.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$64,660 at the close on October 21, 2026: +546.60% in total, +20.52% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+21.77%
2025+36.15%
2024+34.65%
2023+15.53%
2022−1.45%
2021+39.02%
2020+4.01%
2019+34.04%
2018−6.92%
2017+19.77%
2016 (partial year)+19.66%

As of October 21, 2026.

NA.TO Revenue and Earnings by Fiscal Year

FY ends October
Fiscal yearRevenueNet incomeNet margin
2025CA$14.02BCA$4.02B28.7%
2024CA$11.41BCA$3.82B33.5%
2023CA$10.05BCA$3.29B32.7%
2022CA$9.62BCA$3.38B35.2%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$14.02B——CA$4.02B28.7%
2024CA$11.41B——CA$3.82B33.5%
2023CA$10.05B——CA$3.29B32.7%
2022CA$9.62B——CA$3.38B35.2%

Annual figures as reported, in the company's reporting currency. As of October 31, 2025.

NA.TO Dividend History

CA$4.74+7.7% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*CA$2.562—
2025CA$4.744+7.7%
2024CA$4.404+8.1%
2023CA$4.074+10.6%
YearDividends per sharePaymentsChange
2026 (partial year)CA$2.562—
2025CA$4.744+7.7%
2024CA$4.404+8.1%
2023CA$4.074+10.6%
2022CA$3.684+22.7%
2021CA$3.004+5.6%
2020CA$2.844+4.4%
2019CA$2.724+9.2%
2018CA$2.494+7.3%
2017CA$2.324+314.3%
2016CA$0.561—

Most recent payment: CA$1.28 per share, ex-dividend June 29, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

NA.TO Valuation vs Banks - Diversified Median

Median of 21 stocks
MetricNA.TOBanks - Diversified medianvs median
P/E17.3514.1722% above
P/S ratio5.453.3563% above
Profit margin33.28%28.43%4.9 pts above

Medians across 21 Banks - Diversified stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

National Bank of Canada (NA.TO) carries a market capitalisation of CA$79.43B. The company sits in the Financial Services sector, in the Banks - Diversified industry. Headcount on file is 34,816.

NA.TO last closed at CA$207.47 on October 21, 2026. That is +CA$3.87 (+1.90%) against the previous close. The 52-week range on file runs from CA$151.65 to CA$237.13. The latest close sits 36.81% above that 52-week low.

Financial Health

In fiscal 2025, National Bank of Canada reported revenue of CA$14.02B. That is +22.87% against the prior fiscal year, when revenue was CA$11.41B. Net income for the same year was CA$4.02B. That is +5.24% against the prior fiscal year. Profit margin runs at 33.28%. That is 4.9 percentage points above the Banks - Diversified median of 28.43%. Trailing earnings per share are 11.96.

Across the 4 fiscal years on file, revenue moves from CA$9.62B in 2022 to CA$14.02B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

NA.TO trades at a trailing price-to-earnings ratio of 17.35. That is 22.44% above the Banks - Diversified median of 14.17. On forward earnings the ratio is 14.43. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.3. The price-to-sales ratio is 5.45. On price-to-sales that is 62.67% above the Banks - Diversified median of 3.35. 21 Banks - Diversified companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the total return is +38.57%. Across 10 years the annualized return works out at +20.52%. Beta against the wider market is reported at 1.17. Daily returns over the trailing 10 years annualize to a volatility of 21.2%.

Growth & Income

Shareholders receive a dividend, yielding 2.59% on the latest price. The indicated annual rate is CA$5.28 a share. The ex-dividend date on file is September 28, 2026. Dividends are recorded for 11 calendar years; 2026 shows 2 payments totalling CA$2.56 a share. The year before, 2025, totalled CA$4.74 a share.

The strongest complete calendar year on file is 2021 at +39.02%; the weakest is 2018 at −6.92%. Of the 9 complete calendar years on file, 7 finished higher. 2026 is still running; the total return is +21.77% year to date.

Peer Comparison

National Bank of Canada (NA.TO) operates in the Banks - Diversified industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
National Bank of Canada NA.TO CA$79.43B 17.4
JPMorgan Chase & Co. JPM $890.13B 14.1
Bank of America Corporation BAC $358.24B 12.2
HSBC Holdings plc HSBC $321.14B 13.4

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Banks - Diversified industry average P/E ratio is 14.2x. National Bank of Canada trades at a P/E of 17.4.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers banking, financing, and investing services to individuals, advisors, and businesses, as well as insurance operations. The Wealth Management segment provides investment solutions, trust services, banking services, lending services, and other wealth management solutions offered through internal and third-party distribution networks. The Financial Markets segment offers corporate and investment banking solutions for large and mid-size corporations, public sector organizations, and institutional investors. The U.S. Specialty Finance and International segment provides specialty finance products; and personal and commercial banking in Cambodia. National Bank of Canada was founded in 1859 and is headquartered in Montreal, Canada.

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