Investor Presentaiton
Typical Investor Verbatim
Positive Momentum Verbatim
"National Bank are excellent with their balance sheet. They have a capital allocation discipline that is great
to see."
"Some people are concerned with National Bank's new CEO, Laurent Ferreira, but from what I've seen, he will be
fine."
"I have confidence in National Bank of Canada; they've been meeting numbers well."
"National Bank of Canada has done a good job allocating capital. Their capital strength is good."
"National Bank is consistent in their execution. There's nothing flashy or shiny about what they do, it's just about
good and consistent execution, and they seem to keep on surpassing expectations. People always ask how they
do it, and sometimes the answers are not obvious, but they do it consistently."
"The Bank of Nova Scotia had a CEO that had one of the worst tenures of relative performance during his reign
in the history of Canadian banks. It looks terrible for anyone to have confidence in him; it makes no sense.
Then you have National Bank, which over the past seven years has been the best-performing bank stock by a
landslide, and yet people have less confidence in it."
"National Bank of Canada has been executing well."
"¡A Financial and National Bank have a very long track record. If you look at National Bank's revenue growth
over any period of time, it always ranks number one, sometimes number two out of six."
"National Bank of Canada has been delivering; I have confidence in the CEO."
BRENDAN WOOD INTERNATIONAL / FIRST INTELLIGENCE
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