National Bank of Canada Announces 2.25 Billion Buyback Plan

National Bank of Canada (ISIN CA6330671034) has announced a CAD 2.25 billion share buyback program, effective from October 8, 2026, through October 7, 2027. The bank plans to repurchase up to 10 million common shares, representing 2.60% of its outstanding shares as of September 25, 2026. This new authorization is smaller than the previous one, which allowed for the repurchase of 14.5 million shares, with 12.8 million shares actually bought back for CAD 2.4 billion at an average price of CAD 187.26.

As of October 6, 2026, National Bank of Canada's stock (ticker NA) was trading at CAD 203.76, up 0.55% from the prior close. The stock's 52-week range is CAD 148.87 to CAD 237.13, with a market capitalization of CAD 78.5 billion. The bank's latest financial results show revenue of CAD 8.451 billion and net income of CAD 1.307 billion for the third quarter of fiscal 2026, up from CAD 8.067 billion and CAD 1.234 billion in the previous quarter.

National Bank Financial Inc. will serve as the designated broker for the buyback, with purchased shares set to be canceled. The bank's next quarterly earnings release and conference call are scheduled for December 4, 2026. This buyback program represents another avenue for capital management, complementing the bank's existing dividend program.