National Bank Of Canada stock last year performed well for my Canadian portfolio. The returns were above average with a double-digit return. Like all Canadian Banks though, National Bank of Canada has pulled back dramaticaly since setting a new high on November 17 2014 of $55.50. The plunge in the stock stunned a lot of analysts and investors as National Bank of Canada is actually doing well and will probably walk away from the oil downturn, unscathed.
With a $2.00 annual dividend and trading at just 10.9 times price to earning which is lower than the larger banks, I have always found a lot to like about trading in National Bank of Canada stock.
National Bank of Canada Stock 6 month chart
You can see in the 6 month chart below that the stock has experienced a 20% decline from Nov 17 to Jan 30. At $44.15 the stock was definitely good value in my opinion. I have done a number of trades in National Bank of Canada Stock this year so far but doing “stink bids” I have found, can be highly lucrative and as long as an investor has patience, worthwhile. Patience though is key, especially when it comes to trading Canadian options.
The rest of this article is a trade alert and strategy discussion on National Bank of Canada Stock for Members.
National Bank Of Canada Stock (NA) Trade Alert for Feb 11 2015
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