NA.TO National Bank of Canada TSX Feb 25 2026: Q1 profit lifts shares, buyback in focus
NA.TO stock jumped 5.89% intraday after National Bank of Canada reported a stronger first quarter. The bank posted C$1.254 billion net income, or C$3.08 per share, and revenue rose 22.30% year over year to C$3.893 billion. Shares traded on the TSX reached a session high of C$189.97 with volume near 1,295,563. Today’s move follows an amended normal course issuer bid that allows larger buybacks, adding to near-term support for the share price. We review the earnings drivers, intraday price action, valuation and Meyka AI’s forecast for NA.TO stock.
Earnings snapshot and drivers for NA.TO stock
National Bank of Canada reported Q1 net income of C$1.254 billion and EPS of C$3.08, up from C$997.00 million and C$2.78 a year earlier. Revenue rose 22.30% to C$3.893 billion, led by financial markets and wealth management growth. Management cited higher trading and advisory fees as primary drivers. The stronger top line and operating leverage explain the immediate positive reaction in NA.TO stock.
Intraday market reaction and volume for NA.TO stock
NA.TO opened at C$181.81 and traded between C$181.06 and C$189.97 today on volume of 1,295,563 shares versus a 30-day average of 1,667,970 shares. The intraday gain of C$10.51 or 5.89% reflects active buying around the earnings release and the amended buyback program. Higher volume with a strong uptick suggests institutional participation rather than a brief headline spike.
Valuation and fundamentals: what NA.TO stock is pricing
At C$188.96 NA.TO trades at PE 17.64 using reported EPS and a price-to-book near 2.06. Key ratios show a dividend yield of 2.67% and return on equity of 12.71%. The bank’s debt-to-equity is elevated at 4.44, reflecting leverage common in the sector. Book value per share is C$86.25, and tangible book is C$73.86. These metrics place NA.TO near the Canadian bank group on PB but show tighter net margins and solid earnings yield relative to peers.
Technical and liquidity signals for NA.TO stock intraday
Momentum indicators show RSI 65.25 and MACD histogram 1.02, indicating bullish momentum but not extreme overextension. Bollinger middle band sits at C$170.45, and ATR is C$2.56, giving expected intraday swing range. On-balance volume and MFI rose sharply, supporting price strength. Traders should watch the C$181.00–C$190.00 intraday band for support and immediate resistance.
Capital actions, risks and sector context for NA.TO stock
The board amended its normal course issuer bid to allow repurchase of up to 14,500,000 shares, about 3.70% of outstanding stock, effective March 12, 2026. That buyback increases capital return flexibility and can lift per-share metrics. Key risks include elevated debt ratios, sensitivity to trading revenue swings, and Canadian macro credit conditions. Financial services sector PE averages near 13.21; NA.TO is slightly above that, reflecting growth and buyback support.
Meyka AI grade and NA.TO stock forecast
Meyka AI rates NA.TO with a score out of 100: 77.27 / B+ (BUY). This grade factors in S&P 500 and sector comparisons, financial growth, key metrics, forecasts and analyst consensus. Meyka AI’s forecast model projects a yearly price of C$190.85 and a 3‑year price of C$248.91. Versus the current price C$188.96, the 1‑year implied upside is 1.00% and the 3‑year implied upside is 31.73%. Forecasts are model-based projections and not guarantees.
Final Thoughts
National Bank of Canada’s Q1 beat and the expanded normal course issuer bid explain the 5.89% intraday rally in NA.TO stock on the TSX. Earnings strength was driven by higher trading and wealth revenues, and management’s capital action boosts per-share metrics. On fundamentals, NA.TO trades at PE 17.64 with a 2.67% dividend yield and a book value per share of C$86.25, leaving valuation mixed versus Canadian peers. Technically, momentum favors buyers but volume and volatility warrant intraday caution. Meyka AI’s model shows a modest 1.00% near‑term upside to C$190.85 and a larger 31.73% gain to C$248.91 over three years. These forecasts are model-based projections and not guarantees. Investors should weigh buyback support and sector dynamics against leverage and revenue cyclicality. For active traders the intraday range C$181.00–C$190.00 is key; for longer-term investors, monitor net interest trends and trading revenue stability as drivers of sustained upside.
FAQs
What drove the intraday move in NA.TO stock today?
NA.TO stock rose after Q1 net income of C$1.254 billion, EPS C$3.08, revenue growth 22.30%, and an amended buyback program increasing repurchase capacity.
How does Meyka AI view NA.TO stock?
Meyka AI rates NA.TO 77.27 / B+ (BUY) and projects C$190.85 one year and C$248.91 in three years. Grades and forecasts are model-based and not guarantees.
What are the main valuation metrics for NA.TO stock?
At C$188.96, NA.TO trades at PE 17.64, price-to-book ~2.06, dividend yield 2.67%, and book value per share C$86.25. Leverage is higher than some peers.
Should traders watch any intraday levels for NA.TO stock?
Yes. Watch the support around C$181.00 and resistance near C$190.00. ATR C$2.56 indicates expected short-term swings; volume spikes can confirm breakouts.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.