National Bank of Canada stock gets a CAD 2.25 billion buyback
Published on 10/06/2026 at 17:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
National Bank of Canada stock was trading at CAD 203.70 on the Toronto Stock Exchange at 11:13 a.m. ET on October 6, 2026, up 0.52 percent from the prior close. The day's range was CAD 203.16 to CAD 204.82, while the bank announced a new CAD 2.25 billion share repurchase program.
Buyback covers 2.6 percent
According to FT.com on October 6, 2026, National Bank of Canada received approval for a normal course issuer bid covering up to 10 million common shares.
The maximum represents 2.6 percent of the 381,739,059 common shares outstanding on September 25, 2026. The program is scheduled to begin on October 8, 2026, and run until October 7, 2027, with repurchased shares cancelled.
Q3 earnings set a higher bar
National Bank's latest operating picture came from Q3 2026. In its earnings call, Yahoo Finance reported adjusted EPS of CAD 3.39, up 26 percent year over year, while revenue increased 18 percent.
The same Q3 2026 call put return on equity at 16.8 percent and the CET1 capital ratio at 13.51 percent. Wealth management net income reached CAD 299 million, up 22 percent year over year, while Capital Markets net income rose 32 percent to CAD 442 million.
Analyst targets remain mixed
According to MarketBeat on October 6, 2026, Canaccord Genuity raised its target from CAD 224.00 to CAD 228.00, while Jefferies lifted its target from CAD 212.00 to CAD 213.00 on September 3, 2026.
MarketBeat's consensus was Hold from 11 analysts, with an average target of CAD 218.50. That target stands 7.3 percent above the CAD 203.70 trading price, giving the buyback and earnings momentum a valuation checkpoint rather than a one-way signal.
Next results arrive in December
National Bank's investor-relations calendar lists the Q4 2026 earnings release and conference call for December 4, 2026, on the National Bank investor-relations page. The date gives investors the next scheduled checkpoint for capital returns, credit trends and the bank's outlook.
Stock remains below its yearly high
National Bank of Canada stock stood 14.1 percent below its 52-week high of CAD 237.13 on October 6, 2026. Its 52-week low was CAD 148.87, and the current market capitalization was CAD 78.5 billion.
National Bank of Canada stock facts
- Company: National Bank of Canada
- ISIN: CA6330671034
- Ticker: NA
- Trading venue: Toronto Stock Exchange
- Price (as of October 6, 2026, 11:13 a.m. ET): CAD 203.70
- Market capitalization: CAD 78.5 billion (as of October 6, 2026)
- 52-week range: CAD 148.87-CAD 237.13 (as of October 6, 2026)
- Sector / Industry: Financial Services / Diversified Banks
Upcoming dates for National Bank of Canada stock
- October 8, 2026: Normal course issuer bid begins
- December 4, 2026: Q4 2026 earnings release and conference call
