BMO EQUAL WEIGHT BANKS INDEX ETF (ZEB.TO)…

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BMO EQUAL WEIGHT BANKS INDEX ETF (ZEB.TO)

70.12

+0.41 (0.59%)

as of Jun 8, 2026, 7:59:58 pm Market Open.

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Investor Insights

Jun 7, 2026, 12:00 am

This summary was created by AI, based on 12 opinions in the last 12 months.

The BMO EQUAL WEIGHT BANKS INDEX ETF (ZEB) has generally been viewed positively by various experts, who appreciate its exposure to well-capitalized Canadian banks that have demonstrated excellent performance and reliable dividends over the decades. While the ETF has benefited from a strong performance, with one investor noting almost a 50% gain, many experts express caution due to impending economic uncertainties, such as potential recessions and their impacts on bank performance. Experts recommend holding the ETF rather than selling, although they are hesitant to add new investments at this time due to high valuations. The sentiment leans towards long-term appreciation attributed to commodity cycles and resource sector growth, while simultaneously recognizing the challenges posed by economic conditions and real estate exposures. Overall, the consensus suggests a wait-and-see approach while acknowledging the ETF's strengths and potential future benefits.

Consensus

Hold

Valuation

High

Similar

RY,Toronto-Dominion

BUY

A Canadian bank or a bank ETF? What's the seasonality? Seasonality is fall into spring. BNS is a contrarian play, but which banks depends on what you want. ZEB is the ETF to play.

COMMENT

He's tended to own banks individually. He's not particularly excited by some of the banks in this ETF. Would go with a covered call rather than the equal weight.

DON'T BUY

It holds 10 securities in a plain, vanilla basket of bank stocks. But this has been flat year to date. Caveat: banks aren't as safe you think as the recession approaches.

BUY

The banks have always done well and have a great track record. Likes this in particular because there is US exposure. The only problem is that the MER is too high at 66 basis points.

TOP PICK

It's consolidating. You can hold all the Canadian banks and reduce risk on individual banks, which have been deeply oversold in Canada. This can gain $2-3 before year-end, and it pays a 4% dividend. Sell below $26.80.

PAST TOP PICK

(A Top Pick Jul 03/18, Up 2%) He bought then expecting higher interest rates, but that didn't happen, so banks are getting squeezed. ZEB has good dividends from quality companies. The Canadian banks are misunderstood. Their fees come from fees and investment banking, not only mortages. ZEB is worth holding.

WEAK BUY

The banks are very inexpensive. His stance has been to focus on the US banks. He would like KBE-N preferably. This has long secular growth trails and you might do better in US banks.

WAIT

ZEB or ZWB? He has lightened up on the banks and is less than market weight now. He looks at the mortgage and housing markets, and right now it is not the best environment for the banks. Probably should be in the ETF with the covered call, ZWB. Tariffs are causing concerns and may wait till these issues are resolved. He would wait before committing to either of these ETF's.

DON'T BUY

As a registered investment We're late in the cycle and yield curves are starting to invert, so he doesn't like the banks. The banks won't break out, so he's underweight banks in Canada or America. That said, don't sell them all, because the dividends are good.

DON'T BUY

Canadian banks have done well but are peeling back a bit as they break below the $27 level. Not good. Sure, they pay 4% dividends and enjoy an oligopoly, but banks can still go down. Banks are not bulletproof.

PAST TOP PICK

(A Top Pick Jul 03/18, Up 2%) Likes it. Banking had a bump in Q4, but it's coming back. A good long-term hold because of their dividends. Good cash flow. Banks will increase their dividends.

BUY

He likes it but it is too expensive at 55 - 65 basis points. It shouldn't be more than 10 bps in terms of MER. He will use it in a small accounts.

WAIT

Having trouble getting through $30. For him to put money in, it would have to get over that. Chance to get it cheaper, don’t buy just yet.

BUY

The Banks have broken the last low, but a lot of stocks have done so. He will forgive them that. They are pretty oversold. There is room to go up.

TOP PICK

It charges a high 62 basis points, which is nuts. But it does access the Canadian banks. This should be 15 basis points tops. He still likes it though.

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BMO EQUAL WEIGHT BANKS INDEX ETF (ZEB.TO)