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National Bank of Canada (NA.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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80.64+1.16 (+1.46%)
At close: 4:00PM EST
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Previous Close79.48
Open79.92
Bid80.67 x 0
Ask80.74 x 0
Day's Range79.64 - 80.76
52 Week Range38.67 - 80.76
Volume1,700,830
Avg. Volume1,443,173
Market Cap27.158B
Beta (5Y Monthly)1.13
PE Ratio (TTM)14.15
EPS (TTM)5.70
Earnings DateFeb. 24, 2021
Forward Dividend & Yield2.84 (3.57%)
Ex-Dividend DateMar. 26, 2021
1y Target Est85.64
  • Apna Health collaborative, created in response to disproportionate COVID-19 cases in Peel's South Asian communities
    CNW Group

    Apna Health collaborative, created in response to disproportionate COVID-19 cases in Peel's South Asian communities

    25, 2021 /CNW/ - Community non-profit organizations, Indus Community Services (Indus), Punjab Community Health Services (PCHS) and the Council of Agencies Serving South Asians (CASSA) have partnered together to create Apna Health - a collaborative committed to the South Asian communities' health and wellness during the pandemic and in the long term.The latest statistics revealed from Peel Region suggest alarmingly disproportionate COVID-19 cases in Mississauga and Brampton's South Asian community.

  • The Canadian Press

    Most actively traded companies on the Toronto Stock Exchange

    TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (18,484.53, up 154.44 points.) Manulife Financial Corp. (TSX:MFC). Financials. Up $1.15, or 4.71 per cent, to $25.59 on 25.2 million shares. Suncor Energy Inc. (TSX:SU). Energy. Up 58 cents, or 2.2 per cent, to $26.92 on 21.1 million shares. Crescent Point Energy Corp. (TSX:CPG). Energy. Up 10 cents, or two per cent, to $5.09 on 11.4 million shares. Baytex Energy Corp. (TSX:BTE). Energy. Up 21 cents, or 18.75 per cent, to $1.33 on 11.4 million shares. Toronto-Dominion Bank (TSX:TD). Financials. Up $1.37, or 1.76 per cent, to $79.40 on 11.3 million shares. Athabasca Oil Corp. (TSX:ATH). Energy. Up four cents, or 9.3 per cent, to 47 cents on 10.7 million shares. Companies in the news: National Bank of Canada (TSX:NA). Up $3.67, or 4.8 per cent, to $79.48. National Bank of Canada topped expectations as it reported its first-quarter profit rose more than 20 per cent compared with a year ago, boosted by growth across its business. Profits were up eight per cent year-over-year in the personal and commercial banking business, up 20 per cent in the wealth management business, up 37 per cent in the financial markets business, and up 60 per cent in the U.S. specialty finance and international business, the Montreal-based bank said in its quarterly report on Wednesday. Provisions for credit losses totalled $81 million, down from $89 million a year earlier. But CEO Louis Vachon said in a statement that the bank is still maintaining "significant reserves for credit losses." Royal Bank of Canada (TSX:RY). Down 29 cents to $111.88. Royal Bank of Canada beat expectations as it reported its first-quarter profit rose compared with a year ago, before the start of the pandemic, boosted by record earnings from capital markets as well as growth in personal and commercial banking, wealth management and insurance. RBC says it earned net income of $3.85 billion or $2.66 per diluted share for the quarter ended Jan. 31, up from $3.51 billion or $2.40 per diluted share a year earlier. Revenue totalled $12.94 billion, up from $12.84 billion. Provisions for credit losses amounted to $110 million, down from $419 million in the same quarter last year. Crescent Point Energy Corp. — The CEO of Crescent Point Energy Corp. says the company is poised to benefit from rising oil prices after two years of transformation through selling assets, cutting debt and reducing costs. The Calgary-based company's move last week to buy producing light oil shale assets in Alberta for $900 million from Royal Dutch Shell reflects that confidence, Craig Bryksa said. He said the company expects to generate $375 million to $600 million of excess cash flow this year at US$50 to US$60 WTI (West Texas Intermediate) prices. The company plans to devote most of that cash flow to paying down debt, he said, adding that it will evaluate increasing returns to shareholders over time. High Liner Foods Inc. (TSX:HLF). Up 61 cents, or 5.1 per cent, to $12.61. High Liner Foods Inc. says it earned a profit in its latest quarter compared with a loss a year ago even as its sales declined. The frozen seafood company, which keeps its books in U.S. dollars, says it earned US$7.4 million or 21 cents per share for the quarter ended Jan. 2, compared with a loss of US$3 million or nine cents per share a year earlier. Sales for the quarter fell to US$198.4 million compared with US$221.6 million for the fourth quarter of 2019. Sales volumes totalled 59.6 million pounds, down from 59.7 million pounds. Bausch Health Companies Inc. (TSX:BHC). Down 77 cents, or 1.9 per cent, to $38.93. Bausch Health Companies Inc. reported a loss of US$153 million in its latest quarter as its revenue edged lower compared with a year ago. The company, which keeps its books in U.S. dollars, says the loss amounted to 43 cents per share for the quarter ended Dec. 31 compared with a loss of US$1.52 billion or US$4.30 per diluted share a year earlier then it saw a large one-time charge. Revenue for the quarter totalled US$2.21 billion, down from US$2.22 billion. Adjusted net income for the quarter was US$478 million, up from US$404 million in the fourth quarter of 2019. This report by The Canadian Press was first published Feb. 24, 2021. The Canadian Press

  • National Bank sees profit rise as consumers save, invest more
    The Canadian Press

    National Bank sees profit rise as consumers save, invest more

    National Bank of Canada topped expectations as it reported its first-quarter profit rose more than 20 per cent compared with a year ago, boosted by growth across its business. Profits were up eight per cent year-over-year in the personal and commercial banking business, up 20 per cent in the wealth management business, up 37 per cent in the financial markets business, and up 60 per cent in the U.S. specialty finance and international business, the Montreal-based bank said in its quarterly report on Wednesday. National Bank's share price rose nearly five per cent on Wednesday to close at $79.48. "With more people working from home, coupled with historically low interest rates, we continue to see significant pent-up demand in the housing market," said chief executive Louis Vachon on a conference call with analysts. "Furthermore, consumers are spending less saving more and investing more. Finally, markets are very strong, stimulated by monetary policies and new technological and financial innovations. Looking at our own province, we remain optimistic about the economic recovery." Provisions for credit losses totalled $81 million, down from $89 million a year earlier. But Vachon said in a statement that the bank is still maintaining "significant reserves for credit losses." The bank's quarterly report noted that while a number of its COVID-19 relief programs wrapped up at the end of 2020, there are still special loans with government guarantees. A presentation by the bank said that only about 3.5 per cent of its total gross loans were in the industries most impacted by the COVID-19 pandemic, including car dealerships and auto manufacturing, stores, hotels, restaurants, air transportation and commercial real estate. The presentation also said that National Bank has cut its outstanding loans in the oil and gas production and services sectors over the years. Martin Gagnon, who heads the bank's wealth management team, said there has been a big increase in the number of U.S. shares traded versus Canadian shares being traded, which brings in foreign exchange revenue. "There is an element to it that is related to the frenzy that everybody saw," said Gagnon. "But there's also an element coming from portfolio managers ...We like the profile that we have. Especially at (National Bank Direct Brokerage), it's not only coming from a GameStop trading. We've gained a number of accounts." National Bank was the fourth major Canadian lender this week to report better-than-expected profit growth during the latest quarter, alongside BMO, RBC, and Scotiabank. Overall, National earned net income of $761 million or $2.15 per diluted share for the quarter ended Jan. 31, up from $610 million or $1.67 per diluted share a year ago. Excluding specified items, the bank says it earned $2.15 per diluted share, up from $1.70 per diluted share a year ago. Analysts on average had expected an adjusted profit of $1.71 per share, according to financial data firm Refinitiv. Maria-Gabriella Khoury, senior vice president covering North American financial institutions at DBRS Morningstar, said that National Bank was among the strongest of the Big Six Canadian banks to report quarterly results so far. "The results were very strong across all its segments, both in Canada and abroad," said Khoury in an interview. "Mortgages seemed resilient, particularly in Quebec ...The Quebec mortgage market has been stable and trending upward, and steadily growing — not seeing the big price volatility that Toronto and Vancouver see." The Office of the Superintendent of Financial Institutions in December reiterated that Canadian banks and insurers should not increase regular dividends, buy back shares or raise executive compensation. But Vachon said on Tuesday that National Bank will look at increasing dividends and share buybacks once restrictions are lifted. This report by The Canadian Press was first published Feb. 24, 2021. Companies in this story: (TSX:NA) Anita Balakrishnan, The Canadian Press