National Bank of Canada

NA: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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National Bank of Canada: Raising Fair Value Estimate to CAD 132; Shares Still Overvalued

Maoyuan Chen

Dec 12, 2025

National Bank of Canada's capital market segment had a strong performance in fiscal 2025, mostly driven by impressive results from its trading business.

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