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Correction: BMO Keeps Outperform Rating, $148 Price Target on National Bank of Canada After Q3

BY MT Newswires | ECONOMIC | 08/28/25 02:12 PM EDT

02:12 PM EDT, 08/28/2025 (MT Newswires) --

BMO has reiterated its Outperform rating and $148 price target on National Bank (NA.TO) after it reported a third-quarter cash operating EPS of $2.68 that beat BMO's $2.63 forecast (~2%); but missed consensus of $2.71 (~1%).

The beat relative to BMO was primarily in the Personal & Commercial Banking (lower PCLs) and Other segment (higher treasury revenue), notes analyst Sohrab Movahedi.

U.S. Specialty and Finance and Wealth Management also beat, while Financial Markets missed on lower trading revenue, Movahedi said.

Price: 143.29, Change: -1.42, Percent Change: -0.98

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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