National Bank closes preferred share deal and National Bank of Canada stock trades at EUR 124.13

Published on 10/12/2026 at 11:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter earnings per share rose 26.00 percent year over year. National Bank of Canada stock was EUR 124.13 on October 12, 2026, versus a EUR 123.80 bid.

Key points in brief

National Bank of Canada closed a CAD 750 million institutional preferred share offering on September 22, 2026.
Third-quarter earnings per share rose 26.00 percent year over year to CAD 3.39.
The stock was at EUR 124.13 at Lang & Schwarz on October 12, 2026 at 11:11 a.m. CEST.
National Bank lists its next earnings release for December 4, 2026.

National Bank of Canada, CA6330671034, Illustration mit AI erstellt.

National Bank of Canada (CA6330671034) closed a preferred share offering worth CAD 750 million on September 22, 2026, while National Bank of Canada stock was at EUR 124.13 at Lang & Schwarz on October 12, 2026 at 11:11 a.m. CEST. The financing adds regulatory capital, while the latest quarterly figures show earnings momentum across the bank's main businesses.

Three dated capital milestones

On August 26, 2026, National Bank reported third-quarter earnings per share of CAD 3.39, up 26.00 percent year over year, according to the Yahoo Finance transcript. Revenue increased 18.00 percent year over year, and return on equity reached 16.80 percent in the third quarter.

On September 15, 2026, National Bank announced the institutional issue of 750,000 Series 52 preferred shares at CAD 1,000 each, raising CAD 750 million, according to National Bank. The securities carry a fixed annual dividend rate of 6.57 percent during the initial period.

On September 22, 2026, the bank confirmed the closing of the CAD 750 million offering in the same release. The proceeds are intended for general banking purposes, and the preferred shares were offered by agents led by National Bank Financial.

What does the capital raise change?

The financing matters because National Bank ended the third quarter with CAD 635 billion in assets as of July 31, 2026, according to National Bank. The bank operates Personal and Commercial Banking, Wealth Management, Capital Markets and U.S. Specialty Finance and International businesses.

The latest earnings call also showed the trade-off behind growth. Mortgage balances increased 14.00 percent year over year, while the personal and commercial banking net interest margin declined 7 basis points sequentially in the third quarter, according to Yahoo Finance. Management said the bank expects the all-bank net interest margin to remain relatively stable in the fourth quarter.

Next reporting date is December 4

National Bank's investor-relations calendar lists December 4, 2026, for the fourth-quarter earnings release and conference call. That date gives the market its next scheduled test of earnings growth, capital deployment and credit performance.

Stock price and trading context

National Bank of Canada stock was trading at EUR 124.13 at Lang & Schwarz on October 12, 2026 at 11:11 a.m. CEST. The quote stood between a EUR 123.80 bid and a EUR 124.45 ask; no percentage change is stated because the required dated Xetra reference close was not established.

The further course of trading is shown by the continuously updated real-time quote of National Bank of Canada stock.