National Bank of Canada Hits Day High with 6.63% Surge in Stock Price

National Bank of Canada has experienced significant activity today, with the stock rising by 6.63% and reaching an intraday high of CAD 190.09. This performance stands out against the S&P/TSX 60, which only saw a modest increase of 0.51% on the same day. Over the past week, National Bank of Canada has shown a robust gain of 7.21%, and its one-month performance reflects a notable increase of 14.08%. In terms of annual performance, the bank has achieved an impressive 48.49% return, significantly outperforming the S&P/TSX 60's 27.5%. Year-to-date, the stock has risen by 9.63%, while its three-year performance shows a remarkable growth of 90.99%. Over the last five years, the stock has surged by 134.66%. The bank's financial metrics indicate a healthy long-term growth trajectory, with a net profit growth rate of 12.82%. The return on equity stands at 11.90%, and the stock is trading at a price-to-book ratio of 1.99, suggesting a fair valuation compared to its peers. Overall, National Bank of Canada continues to demonstrate strong performance within the regional banking sector.