NA.TO
National Bank of Canada
TorontoCADEQUITY
Financial Services
DELAYED
Last price
218.34
▲ 1.54 (0.71%)
MARKET · —
Price
Open
218.22
Prev close
216.80
Day high
221.20
Day low
217.92
Volume
1.05M
Market cap
$84.09B
P/E (TTM)
19.44
52W range
141.46 – 237.13
Trailing performance
Returnvs SPY
1W
-5.60%
-4.2%
1M
-4.24%
-8.0%
3M
+3.12%
+0.0%
6M
+22.18%
+11.1%
YTD
+26.49%
+14.2%
1Y
+45.30%
+25.3%
3Y
+116.97%
+42.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$84.09B
Enterprise value$-60.81B
Revenue (TTM)$14.02B
Gross profit$14.02B
EBITDA—
Net income$4.46B
EPS (TTM)$11.23
Free cash flow—
Total cash$228.27B
Total debt$81.75B
Book value / share$82.90
Shares outstanding385.14M
Float384.75M
Short % of float—
Dividend yield2.42%
Beta (5Y)1.19
Valuation & profitability ratios
Trailing P/E19.44
Forward P/E15.36
PEG ratio1.45
Price / sales—
Price / book2.63
EV / revenue-4.34
EV / EBITDA—
Gross margin0.00%
Operating margin43.96%
Profit margin32.89%
Return on equity13.87%
Return on assets0.80%
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $14.03B | $11.63B | $10.66B | $9.93B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $4.02B | $3.82B | $3.33B | $3.38B |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $4.02B | $3.82B | $3.33B | $3.38B |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Apr 2026 | 3.13 | 3.23 | +3.3% |
| Jan 2026 | 2.99 | 3.25 | +8.5% |
| Oct 2025 | 2.62 | 2.82 | +7.5% |
| Jul 2025 | 2.71 | 2.68 | -1.2% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 3.20 | 10 | $3.87B | +12.1% |
| Next quarter | 3.20 | 7 | $3.94B | +6.7% |
| Current year | 12.93 | 12 | $15.59B | +11.1% |
| Next year | 14.20 | 12 | $16.32B | +4.7% |
Analyst targets & ownership
Mean target$220.63
High target$249.00
Low target$164.00
Implied upside1.05%
Analyst count12
ConsensusHOLD
Strong buy / Buy1 / 2
Hold7
Sell / Strong sell1 / 1
Held by insiders0.11%
Held by institutions41.13%
Institutions holding350
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
439.06K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 18, 26 | Charest (Yvon) Director of Issuer |
BUY | 191 | $31.37K | Direct |
| Aug 15, 26 | Blouin, Pierre J Director of Issuer |
GRANT | 240 | $39.10K | Direct |
| Aug 15, 26 | Boivin (Pierre) Director of Issuer |
GRANT | 177 | $28.83K | Direct |
| Aug 15, 26 | Burrows, J Scott Director of Issuer |
GRANT | 277 | $45.12K | Direct |
| Aug 15, 26 | Curadeau, Grou Patricia Director of Issuer |
GRANT | 325 | $52.94K | Direct |
| Aug 15, 26 | Kinsley (Karen A) Director of Issuer |
GRANT | 179 | $29.16K | Direct |
| Aug 15, 26 | Loewen, Lynn Director of Issuer |
GRANT | 324 | $52.78K | Direct |
| Aug 15, 26 | McKillican (Rebecca) Director of Issuer |
GRANT | 325 | $52.94K | Direct |
| Aug 15, 26 | Meloul- Wechsler (Arielle) Director of Issuer |
GRANT | 276 | $44.96K | Direct |
| Aug 15, 26 | Morgan-Silvester (Sarah Alyson) Director of Issuer |
GRANT | 276 | $44.96K | Direct |
| Aug 15, 26 | Par� (Robert) Director of Issuer |
GRANT | 514 | $83.73K | Direct |
| Aug 15, 26 | Pomerleau (Pierre) Director of Issuer |
GRANT | 276 | $44.96K | Direct |
| Aug 15, 26 | Rawji (Irfhan Abdulaziz) Director of Issuer |
GRANT | 276 | $44.96K | Direct |
| Aug 15, 26 | Tall (Macky) Director of Issuer |
GRANT | 275 | $44.80K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Blanchet (Luice) |
Senior Officer of Issuer | 32.41K | Grant of rights |
Blouin, Pierre J |
Director of Issuer | 23.13K | Grant of rights |
Boivin (Pierre) |
Director of Issuer | 31.11K | Grant of rights |
Charest (Yvon) |
Director of Issuer | 20.95K | Acquisition or disposition in the public market |
Dubuc (�tienne) |
Senior Officer of Issuer | 37.64K | Stock dividend |
Ferreira (Laurent) |
Director of Issuer | 126.15K | Stock dividend |
Gingras (Marie Chantal) |
Senior Officer of Issuer | 25.23K | Stock dividend |
Hebert, Brigitte |
Senior Officer of Issuer | 34.69K | Stock dividend |
National Bank of Canada |
Issuer | 49.90K | Redemption, retraction, cancelation, repurchase |
Par� (Robert) |
Director of Issuer | 22.76K | Grant of rights |
Moving averages & technicals
SMA 10
225.72
-3.27% from price
SMA 20
226.41
-3.56% from price
SMA 50
224.86
-2.90% from price
SMA 100
213.32
+2.35% from price
SMA 200
193.02
+13.12% from price
EMA 12
224.61
-2.79% from price
EMA 26
225.40
-3.13% from price
EMA 50
222.42
-1.83% from price
RSI (14)
38.5
Neutral
MACD (12,26,9)
-0.80
Hist -1.43
ATR (14)
4.37
2.00% of price
Realised vol 30D
21.7%
Annualised
Bollinger upper
234.11
20, 2σ
Bollinger lower
218.71
20, 2σ
50 / 200 cross
Golden
224.86 vs 193.02
Trend bias
Above 200
+13.12%
Risk profile
Beta vs SPY
0.33
Less volatile than market
Correlation to SPY
0.23
Largely independent
Realised vol 30D
21.7%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-9.0%
Peak to trough
Max drawdown 5Y
-24.0%
Peak to trough
ATR 14
4.37
2.00% of price
Beta (reported)
1.19
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.