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Nervous markets await NvidiaThis summary was created by AI, based on 3 opinions in the last 12 months.
The Covered Call US Banks ETF (ZWK-T) has garnered positive attention from experts, primarily for its appeal to retirees seeking income generation through its covered call strategy. The ETF offers a good yield, thanks to this strategy, although it may not capture the same level of capital growth as some alternative options like ZBK or ZUB. Experts have noted that while the US banking sector may present a more volatile investment environment compared to Canada, ZWK still holds potential for strong earnings, particularly in light of the current housing market pressures related to renewing mortgages. Concerns over currency exposure are also mentioned, but overall, the product appears to be positioned well for long-term investors who appreciate a hedged approach. While some experts suggest looking broader or towards more diversified options, ZWK remains a solid choice for those looking specifically at the US banking sector.
Yield gets up to about 10% with the covered call overlay. Likes US banks, cheap relative to 5-10 year history. If economy continues to recover, banks should be there. Last 3 months, this has returned 17.5%.
Are you looking for income, or do you just want exposure to US banks? Makes sense if you need the income. He'd argue that you'll get a better total return owning the underlying shares, or an ETF of US banks, instead of using the covered call strategy.
With the US banking sector 'settling' down, ZWK does look a bit better. It is up 8.6% in the past month as the crisis subsides. We still have recession and rate risks, but with no new bank failures in a while and confidence returning, we would be more comfortable with ZWK today.
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Covered Call US Banks ETF is a Canadian stock, trading under the symbol ZWK-T on the Toronto Stock Exchange (ZWK-CT). It is usually referred to as TSX:ZWK or ZWK-T
In the last year, 3 stock analysts published opinions about ZWK-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Covered Call US Banks ETF.
Covered Call US Banks ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Covered Call US Banks ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Covered Call US Banks ETF In the last year. It is a trending stock that is worth watching.
On 2025-05-02, Covered Call US Banks ETF (ZWK-T) stock closed at a price of $21.61.
ZWK is one to look at; for a hedged version, look on the BMO website. But at this point, he'd rather have broader exposure than switching from global to US. Look at ZPAY.