National Bank launches 10 million share buyback for National Bank of Canada stock
Published on 10/09/2026 at 16:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- National Bank of Canada authorized a normal course issuer bid for up to 10,000,000 shares on September 25, 2026.
- Third-quarter adjusted EPS rose 26.00 percent year over year to CAD 3.39.
- National Bank of Canada stock stood at EUR 122.13 at Lang & Schwarz on October 9, 2026, down 0.34 percent versus EUR 122.55.
- The bank's primary listing is on the Toronto Stock Exchange under ticker NA, with a market capitalization of CAD 75.7 billion as of October 9, 2026.
National Bank of Canada authorized a normal course issuer bid for up to 10,000,000 common shares on September 25, 2026, with a maximum value of CAD 2.25 billion, according to National Bank. National Bank of Canada stock was EUR 122.13 at Lang & Schwarz on October 9, 2026 at 4:13 p.m. CEST, down 0.34 percent from the EUR 122.55 prior close.
Buyback starts with regulatory conditions
The program represents 2.6 percent of the 382,837,767 common shares outstanding on September 1, 2026. The bank said purchases are subject to approval from the Office of the Superintendent of Financial Institutions Canada and the Toronto Stock Exchange, and the shares bought back will be cancelled.
The expected purchase period runs from October 9, 2026, to October 8, 2027, but the actual number of shares and purchase timing remain at the bank's discretion. That makes the authorization a capital-allocation option rather than a confirmed reduction in the share count.
What does the buyback change?
The CAD 2.25 billion ceiling gives National Bank flexibility to return capital while the program remains subject to approval. Its size is also measurable against the bank's latest operating result: Yahoo Finance reported that adjusted earnings per share reached CAD 3.39 in the third quarter of 2026, up 26.00 percent year over year. Revenue increased 18.00 percent in the same period.
Three dated capital milestones
On August 26, 2026, National Bank reported third-quarter adjusted earnings per share of CAD 3.39, up 26.00 percent year over year, according to Yahoo Finance. On September 25, 2026, the board authorized the 10,000,000-share buyback, according to National Bank. On October 9, 2026, the planned start date arrived, subject to the stated regulatory approvals.
Next reporting date is December 4
National Bank's investor-relations calendar lists December 4, 2026, for the fourth-quarter earnings release and conference call. The date is published on the bank's investor-relations page.
Stock remains below its yearly high
On the Toronto Stock Exchange, National Bank of Canada stock was last at CAD 196.50 on October 9, 2026 at 10:25 a.m. ET. The 52-week range was CAD 149.28 to CAD 237.13, while market capitalization stood at CAD 75.7 billion on the same date.
The further course of trading is shown by the continuously updated real-time quote of National Bank of Canada stock.
National Bank of Canada stock facts
- Company: National Bank of Canada
- ISIN: CA6330671034
- Ticker: NA
- Primary exchange: Toronto Stock Exchange
- Price Lang & Schwarz (as of October 9, 2026, 4:13 p.m. CEST): EUR 122.13
- Change versus prior close: minus 0.34 percent
- Prior close Lang & Schwarz (October 8, 2026): EUR 122.55
- Market capitalization: CAD 75.7 billion (as of October 9, 2026)
- 52-week range: CAD 149.28-CAD 237.13 (as of October 9, 2026)
- Sector / Industry: Financial Services / Banks - Diversified
Market context: Market report S&P TSX Composite.
