NBC's Q1 2025 earnings reflect strong revenue growth across all business segments, offset by higher provisions and expenses. Capitalization remains peer-leading.
Our credit view of NBC reflects its defensible market presence in Québec and earnings stability of P&C banking franchise, offset by reliance on capital markets and geographic concentration.
NBC's Q4 2024 earnings reflect broad-based revenue growth and cost discipline, partly offset by higher provisions for credit losses and income taxes. Capital remains peer-leading.
NBC's Q3 2024 earnings reflect broad-based revenue growth across businesses, partly offset by higher expenses and provisions for credit losses. Capital remains peer-leading.
NBC's acquisition of CWB enhances its presence outside Quebec, while increasing the overall contribution from its personal business banking segment; post-closing capital to remain sound.
NBC's Q1 2024 earnings reflect broad-based revenue growth, partly offset by a modest build in provisions for credit losses. Capital remains resilient, though down due to Basel III reforms.
Our credit view of NBC reflects its defensible market presence in Quebec and earnings stability of P&C banking, offset by reliance on capital markets and geographic concentration.
NBC's Q4 2023 earnings reflect revenue growth across all business segments and expanding margins, partly offset by higher operating expenses and provisions for credit losses.
NBC's Q3/23 earnings reflect strong revenue growth across most business segments, as loans increased 9% from last year, partly offset by higher PCLs and expenses, and weaker trading results.
NBC's Q2 2023 earnings reflect strong revenue growth across most business segments, as loans increased 4% year-over-year, which was more than offset by higher PCLs and non-interest expense.
NBC's Q1 2023 earnings reflects strong revenue growth across all business segments, which was more than offset by higher provisions and non-interest expense
We have assigned an SQS2 to National Bank of Canada’s sustainability bond framework, which is aligned with relevant principles and demonstrates a significant contribution to sustainability.
We have assigned an SQS2 to National Bank of Canada’s sustainability bond framework, which is aligned with relevant principles and demonstrates a significant contribution to sustainability.
We have assigned an SQS2 to National Bank of Canada’s sustainability bond framework, which is aligned with relevant principles and demonstrates a significant contribution to sustainability.
NBC's Q4 2022 earnings reflects strong loan growth across all business segments and higher margins, more than offset by higher provisions reflecting a less favourable macroeconomic outlook.
Our credit view of this issuer reflects its strategic focus on broadening its Quebec operations, with a controlled strategy, against its significant geographic concentration risk.
Our credit view of NBC reflects its very defensible market presence in Québec, focused national expansion through wealth management, offset by a sizeable commitment to capital markets.