National Bank of Canada (NA.TO) Analyst Estimates & Price Targets

National Bank of Canada (NA.TO) — Price $211.73 (closing price, October 28, 2026) — Financial Services — Banks - Diversified — TSX

Latest reported results:

Wall Street analyst estimates for National Bank of Canada (NA.TO): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.

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.

Revenue and EPS estimates

Fiscal yearRevenue (average)Revenue (low – high)EPS (average)Analysts
2026E15.8B CAD15.7B CAD – 16.0B CAD13.15 CAD9
2027E16.6B CAD16.0B CAD – 17.3B CAD14.39 CAD9

Fiscal year ending in October · figures in CAD · consensus as of October 26, 2026

Analyst Consensus

Strong Buy0
Buy0
Hold1
Sell0
Strong Sell0
Total analysts1
Avg rating (−2 sell to +2 buy)0.00

Recent Earnings Surprises

DateEPS ActualEPS Est.vs Est.
2026-12-02$3.28
2026-08-26$3.36$3.18+5.7%
2026-05-27$3.23$3.13+3.2%
2026-02-25$3.26$3.00+8.7%
2025-12-03$2.78$2.59+7.3%
2025-08-26$2.65$2.69-1.5%
2025-05-27$2.84$2.39+18.8%
2025-02-26$2.92$2.63+11.0%

Valuation Ratios

P/E Ratio17.91
Price / Book2.41
EV / EBITDA19.79
Dividend Yield2.36%

Income Statement (10y)

Year2016201720182019202020212022202320242025
Revenue5.36B CAD6.37B CAD7.14B CAD7.30B CAD11.12B CAD8.90B CAD9.62B CAD9.77B CAD10.83B CAD30.80B CAD
Cost of Revenue-664.0M CAD-203.0M CAD-9.0M CAD03.22B CAD00-388.0M CAD17.60B CAD17.79B CAD
Gross Profit6.02B CAD6.57B CAD7.14B CAD7.30B CAD7.90B CAD8.90B CAD9.62B CAD10.16B CAD10.84B CAD13.01B CAD
Research & Development0000000000
Selling, General & Admin2.16B CAD2.36B CAD2.47B CAD2.52B CAD2.67B CAD3.03B CAD3.28B CAD5.13B CAD3.73B CAD4.55B CAD
Operating Expenses6.02B CAD6.57B CAD-903.0M CAD7.30B CAD7.90B CAD4.49B CAD4.93B CAD5.13B CAD5.51B CAD7.87B CAD
Operating Income2.03B CAD2.89B CAD3.21B CAD3.31B CAD3.09B CAD4.44B CAD4.69B CAD4.64B CAD4.54B CAD5.13B CAD
EBITDA1.88B CAD2.82B CAD3.05B CAD3.08B CAD2.96B CAD4.46B CAD4.73B CAD4.43B CAD5.06B CAD5.79B CAD
Interest Expense1.92B CAD2.35B CAD3.55B CAD4.58B CAD3.32B CAD2.20B CAD4.27B CAD13.19B CAD17.03B CAD16.78B CAD
Pre-tax Income1.48B CAD2.51B CAD2.78B CAD2.78B CAD2.54B CAD4.02B CAD4.28B CAD3.97B CAD4.78B CAD5.13B CAD
Income Tax225.0M CAD484.0M CAD544.0M CAD462.0M CAD453.0M CAD882.0M CAD894.0M CAD637.0M CAD961.0M CAD1.12B CAD
Net Income1.18B CAD1.94B CAD2.15B CAD2.26B CAD2.04B CAD3.14B CAD3.38B CAD3.34B CAD3.82B CAD4.02B CAD
EPS$3.31$5.44$6.01$6.39$5.73$8.95$9.72$9.47$10.78$10.18
EPS (Diluted)$3.29$5.38$5.94$6.34$5.70$8.85$9.61$9.38$10.68$10.07
Shares Outstanding (Diluted)339.9 M344.8 M343.2 M337.6 M337.6 M340.9 M340.8 M340.8 M342.8 M382.5 M

Price

Price$211.73 (closing price, October 28, 2026)
Market Cap$58.6B
ExchangeTSX
CountryCA

Related companies: RY.TO · TD.TO · BMO.TO · CM.TO · BNS.TO

Explore sector: Financial Services · Banks - Diversified

More sections of NA.TO: Overview · Financials · Valuation · Statistics · Technical · Ownership · News · Events

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