Montreal-headquartered National Bank is the smallest of the Big Six Canadian chartered banks and has been known for its focus on Quebec. But it has expanded in the last decade, building a major investment banking and asset management business to complement its strong position in retail banking, as well as a growing US specialty finance subsidiary.
Income Investor
Investors should Hold their National Bank shares, which are up 18% since our original recommendation. After the CWB deal closes in September, when two- thirds of CWB shareholders need to vote in favour, then National will return to being a Buy. - Gavin Graham
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NA was first recommended here on December 21, 2023