Analysis for National Bank of Canada
Description & usage
National Bank of Canada is a major Canadian bank with strong positioning in Quebec and additional wealth-management plus capital-markets businesses. Earnings are supported by net interest income, fee streams, and market activity. Key drivers are credit quality, deposit growth, cost efficiency, and regulatory conditions.
Basic info
- Symbol
- NA.TO
- Type
- Stock
- Region
- Canada
- Sector
- Financials
- Available history
- 11.2 years
- Last trading day
- 04/02/2026
Basic info
- Symbol
- NA.TO
- Type
- Stock
- Region
- Canada
- Sector
- Financials
- Available history
- 11.2 years
- Last trading day
- 04/02/2026
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- CPI YoY
- 2.4%
- Fed Rate
- 3.75%
- US 10Y
- 4.35%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core CPI
- 2.5%
- US 2Y
- 3.84%
- ISM PMI
- –
Score overview
The overall score combines Performance, Stability and Trend into one comparable value.
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- CPI YoY
- 2.4%
- Fed Rate
- 3.75%
- US 10Y
- 4.35%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core CPI
- 2.5%
- US 2Y
- 3.84%
- ISM PMI
- –
Analysis summary
Technical asset picture
National Bank of Canada (NA.TO) currently has a total score of 82 points, placing it in the very strong range. The score is made up of Performance (80), Stability (87) and Trend (80). All three sub-scores are currently above average.
Performance scores 80 points (very strong). Key strength: 1Y return at 54.6 %. Even the weakest return is still strong in absolute terms: 5Y return at 112.2 %. This points to a sharper upswing more recently.
Stability scores 87 points (very strong). Key strength: return/volatility ratio at 2.98. Even the weakest metric remains solid in absolute terms: max drawdown (1Y) at -24.0 %. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns-but prices can still fall.
Trend scores 80 points (very strong). Key strength: Price is about 4.3 % above SMA50. Even the weakest metric remains solid in absolute terms: trend strength at 0.60. That often means the move is strong, but not perfectly steady.
Overall, the profile is fairly consistent across dimensions. On a metric level, return/volatility ratio stands out, while max drawdown (1Y) is the main weak spot.
Current market backdrop
The backdrop currently looks mixed and rather restrictive.
A strong US dollar currently paints a mixed risk picture.
High US real yields and elevated long yields lean toward a restrictive rate backdrop.
What that typically means here
For this asset type, the current backdrop looks mixed rather than clearly directional.
Note: ISM PMI was not used actively in the effect logic.
Historical evaluation and qualitative market context only, not investment advice.
Price chart
Use the chart to read recent price behavior before drilling into metrics.
Scores and metrics
Explore the overall score, the three pillar scores, and the metrics behind them.