National Bank of Canada Price Target Raised to $182 at TD

BY MT Newswires | ECONOMIC | 02/26/26 08:15 AM EST

08:15 AM EST, 02/26/2026 (MT Newswires) -- TD Securities raised its price target on National Bank of Canada (NTIOF) to $182 from $175 on Thursday.

Analyst Mario Mendonca maintained a Hold rating on shares of the Canadian bank following its quarterly results on Wednesday.

"NA beat our estimate on strong trading revenue & lower PCLs," Mendonca said in a note to clients.

"Through CWB revenue, expense & capital synergies, and buybacks, we are increasingly confident in NA achieving 17%+ ROE in '27," the analyst said.

"Credit improved slightly as GIL formations & PCLs at ABA declined q/q, however the balance of GILs continued to rise and Credigy formations more than doubled."

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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