National Bank of Canada Future Growth

Future criteria checks 1/6

National Bank of Canada is forecast to grow earnings and revenue by 1.3% and 8.5% per annum respectively. EPS is expected to grow by 1.2% per annum. Return on equity is forecast to be 13.1% in 3 years.

Key information

1.3%

Earnings growth rate

1.2%

EPS growth rate

Banks earnings growth	5.8%
Revenue growth rate	8.5%
Future return on equity	13.1%
Analyst coverage	Good
Last updated	08 Mar 2024

Recent future growth updates

Results: National Bank of Canada Exceeded Expectations And The Consensus Has Updated Its Estimates

Mar 01

Recent updates

National Bank of Canada's (TSE:NA) Upcoming Dividend Will Be Larger Than Last Year's

Jun 03

Results: National Bank of Canada Exceeded Expectations And The Consensus Has Updated Its Estimates

Mar 01

If You Like EPS Growth Then Check Out National Bank of Canada (TSE:NA) Before It's Too Late

Feb 09

National Bank of Canada (TSE:NA) Is Increasing Its Dividend To CA$0.87

Dec 19

National Bank of Canada's (TSE:NA) Dividend Will Be Increased To CA$0.87

Dec 05

Does National Bank of Canada (TSE:NA) Deserve A Spot On Your Watchlist?

Oct 21

National Bank of Canada (TSE:NA) Has Affirmed Its Dividend Of CA$0.71

Aug 29

Should You Be Adding National Bank of Canada (TSE:NA) To Your Watchlist Today?

May 31

Is It Worth Buying National Bank of Canada (TSE:NA) For Its 3.9% Dividend Yield?

Feb 09

National Bank of Canada (TSE:NA) Has Gifted Shareholders With A Fantastic 116% Total Return On Their Investment

Dec 18

Earnings and Revenue Growth Forecasts

TSX:NA - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
10/31/2026	12,613	3,439	N/A	N/A	2
10/31/2025	11,699	3,402	N/A	N/A	9
10/31/2024	11,210	3,287	N/A	N/A	9
1/31/2024	9,887	3,240	-19,852	-19,052	N/A
10/31/2023	9,773	3,196	-17,264	-16,613	N/A
7/31/2023	9,521	3,166	-23,740	-23,096	N/A
4/30/2023	9,473	3,162	-22,089	-21,442	N/A
1/31/2023	9,515	3,214	-30,446	-29,782	N/A
10/31/2022	9,507	3,277	-28,048	-27,378	N/A
7/31/2022	9,512	3,282	-17,063	-16,496	N/A
4/30/2022	9,453	3,290	-18,258	-17,710	N/A
1/31/2022	9,250	3,193	-13,122	-12,600	N/A
10/31/2021	8,925	3,017	-19,514	-19,022	N/A
7/31/2021	8,563	2,763	-25,227	-24,672	N/A
4/30/2021	8,091	2,515	-19,285	-18,759	N/A
1/31/2021	7,390	2,086	-4,281	-3,770	N/A
10/31/2020	7,081	1,923	-6,845	-6,331	N/A
7/31/2020	7,017	2,025	7,801	8,330	N/A
4/30/2020	7,054	2,027	1,763	2,298	N/A
1/31/2020	7,208	2,198	-20,093	-19,568	N/A
10/31/2019	7,085	2,140	-10,959	-10,456	N/A
7/31/2019	7,000	2,097	-17,869	-17,378	N/A
4/30/2019	6,854	2,056	-13,031	-12,559	N/A
1/31/2019	6,831	2,042	-13,219	-12,775	N/A
10/31/2018	6,839	2,040	-8,784	-8,295	N/A
7/31/2018	6,732	2,001	-11,080	-10,602	N/A
4/30/2018	6,633	1,955	-11,382	-10,925	N/A
1/31/2018	6,511	1,901	-7,634	-7,194	N/A
11/1/2017	6,365	1,855	N/A	-13,084	N/A
7/31/2017	6,241	1,642	N/A	-7,239	N/A
4/30/2017	6,136	1,613	N/A	-13,042	N/A
1/31/2017	5,703	1,348	N/A	-4,804	N/A
10/31/2016	5,356	1,117	N/A	-5,201	N/A
7/31/2016	5,190	1,168	N/A	-3,415	N/A
4/30/2016	5,132	1,147	N/A	-2,391	N/A
1/31/2016	5,388	1,347	N/A	-7,496	N/A
10/31/2015	5,518	1,504	N/A	-2,572	N/A
7/31/2015	5,481	1,489	N/A	-6,937	N/A
4/30/2015	5,438	1,476	N/A	-6,093	N/A
1/31/2015	5,299	1,434	N/A	-3,983	N/A
10/31/2014	5,256	1,429	N/A	-12,340	N/A
7/31/2014	5,152	1,423	N/A	-10,325	N/A
4/30/2014	4,978	1,388	N/A	-8,173	N/A
1/31/2014	5,083	1,445	N/A	-13,294	N/A
10/31/2013	4,970	1,409	N/A	-7,941	N/A
7/31/2013	5,071	1,435	N/A	-5,564	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NA's forecast earnings growth (1.3% per year) is below the savings rate (2.1%).

Earnings vs Market: NA's earnings (1.3% per year) are forecast to grow slower than the Canadian market (12.8% per year).

High Growth Earnings: NA's earnings are forecast to grow, but not significantly.

Revenue vs Market: NA's revenue (8.5% per year) is forecast to grow faster than the Canadian market (6.6% per year).

High Growth Revenue: NA's revenue (8.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NA's Return on Equity is forecast to be low in 3 years time (13.1%).

National Bank of Canada Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Results: National Bank of Canada Exceeded Expectations And The Consensus Has Updated Its Estimates

Price target raised to CA$85.00

Analysts increase EPS estimates to CA$7.59

Recent updates

National Bank of Canada Announces Election of Arielle Meloul-Wechsler as Directors

Upcoming dividend of CA$1.06 per share

National Bank of Canada Denies Media Report of Talks to Sell its Cambodian Unit

First quarter dividend of CA$1.06 announced

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

National Bank of Canada Declares Dividend for the Quarter Ending April 30, 2024, Payable on May 1, 2024

National Bank of Canada to Report Q3, 2024 Results on Aug 28, 2024

Upcoming dividend of CA$1.06 per share at 4.4% yield

President exercised options to buy CA$2.1m worth of stock.

National Bank of Canada's (TSE:NA) Dividend Will Be Increased To CA$1.06

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

National Bank of Canada, Annual General Meeting, Apr 19, 2024

National Bank Declares Regular Dividends, Payable on February 1, 2024

Upcoming dividend of CA$1.02 per share at 4.3% yield

National Bank of Canada Declares Dividend for the Quarter Ending October 31, 2023, Payable on November 1, 2023

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

National Bank of Canada (TSX:NA) entered into an agreement to acquire Commercial Loan Portfolio, Canadian branch of Silicon Valley Bank.

National Bank of Canada (TSE:NA) Is Increasing Its Dividend To CA$1.02

Upcoming dividend of CA$1.02 per share at 4.1% yield

National Bank of Canada Announces Appointment of Nancy Paquet as Executive Vice President, Wealth Management, Effective November 1, 2023

National Bank of Canada (TSE:NA) Is Increasing Its Dividend To CA$1.02

Second quarter 2023 earnings: EPS misses analyst expectations

National Bank of Canada Raises Quarterly Dividend, Payable on August 1, 2023

Upcoming dividend of CA$0.97 per share at 4.0% yield

Insider recently sold CA$621k worth of stock

First quarter 2023 earnings released: EPS: CA$2.51 (vs CA$2.68 in 1Q 2022)

National Bank of Canada Announces Changes to Senior Leadership Team

National Bank of Canada to Report Q4, 2023 Results on Dec 01, 2023

Upcoming dividend of CA$0.97 per share

Insider exercised options and sold CA$1.6m worth of stock

Full year 2022 earnings: Revenues in line with analyst expectations

National Bank of Canada, Annual General Meeting, Apr 21, 2023

Is Now The Time To Put National Bank of Canada (TSE:NA) On Your Watchlist?

Upcoming dividend of CA$0.92 per share

President recently bought CA$1.3m worth of stock

National Bank of Canada Declares Regular Dividend, Payable on November 1, 2022

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Do National Bank of Canada's (TSE:NA) Earnings Warrant Your Attention?

Upcoming dividend of CA$0.92 per share

National Bank of Canada's (TSE:NA) Upcoming Dividend Will Be Larger Than Last Year's

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

National Bank Increases Common Share Dividend for the Quarter Ending July 31, 2022, Payable on August 1, 2022

National Bank of Canada Appoints Lynn Loewen, to Board

Upcoming dividend of CA$0.87 per share

Results: National Bank of Canada Exceeded Expectations And The Consensus Has Updated Its Estimates

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

National Bank of Canada Announces Changes to Its Leadership Team, Effective April 1, 2022

If You Like EPS Growth Then Check Out National Bank of Canada (TSE:NA) Before It's Too Late

National Bank of Canada (TSE:NA) Is Increasing Its Dividend To CA$0.87

Upcoming dividend of CA$0.87 per share

President recently bought CA$481k worth of stock

National Bank of Canada's (TSE:NA) Dividend Will Be Increased To CA$0.87

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Does National Bank of Canada (TSE:NA) Deserve A Spot On Your Watchlist?

Upcoming dividend of CA$0.71 per share

Director Louis Vachon has joined 3rd company board

Director Louis Vachon has joined 3rd company board

Director Louis Vachon has joined 3rd company board

Director Louis Vachon has joined 3rd company board

Director Louis Vachon has joined 3rd company board

Director Louis Vachon has joined 3rd company board

National Bank of Canada (TSE:NA) Has Affirmed Its Dividend Of CA$0.71

Third quarter 2021 earnings released: EPS CA$2.39 (vs CA$1.67 in 3Q 2020)

National Bank of Canada (TSX:NA) entered into an agreement to acquire 52% stake in Flinks Technology Inc. for CAD 73 million.

Upcoming dividend of CA$0.71 per share

Should You Be Adding National Bank of Canada (TSE:NA) To Your Watchlist Today?

Second quarter 2021 earnings released: EPS CA$2.28 (vs CA$1.01 in 2Q 2020)

National Bank of Canada Declares Dividend for the Quarter Ending July 31, 2021, Payable on August 1, 2021

Independent Director has left the company

Upcoming Dividend of CA$0.71 Per Share

First quarter 2021 earnings released: EPS CA$2.16 (vs CA$1.69 in 1Q 2020)

Price target raised to CA$85.00