Buy, Sell or Hold: BMO EQUAL WEIGHT BANKS INDEX ETF (ZEB-T)

TSE:ZEB

36.98

0.40 (1.09%) 1d

Showing 1 to 15 of 140 entries

BUY

Macros winds should push ZEB stock higher. Given the fall in commodity prices (i.e. oil, copper), inflation appears to have peaked and market nerves are calming. Certainly, housing and the wider market are slowing down, but it’s no slam dunk that we are marching into a recession. Given these factors, the banks should continue to climb, as they traditionally in the second half of the year, according to seasonality. ZEB stock pays a 3.33% dividend yield, and charges an 0.6% MER. An alternative is to buy one of the stocks held in this basket, though it’s always a case of guessing which bank will come out on top in a given year. ZEB stock avoids that game. Read 3 Money Stocks to Beat Inflation for our full analysis.

E.T.F.'s

BUY

Optimistic about future of Canadian banks. Recent market sell off doesn't affect underlying business. Strong banking system in Canada.

E.T.F.'s

BUY on WEAKNESS

A bit leery on the banks right now. Would be adding on weakness but currently a slight underperformer.

E.T.F.'s

BUY

Canadian banks have always been a good investment. Don't see this changing now. From a trading perspective, should see a bounce soon to around $39 and then another drop. Can buy low and hold for 5 years. Dividends are probably going to continue to grow.

E.T.F.'s

PAST TOP PICK

(A Top Pick Dec 23/21, Up 36%) Banks have done well and are getting close to the end of the seasonal period so there may be some weakness. Reducing exposure.

E.T.F.'s

BUY

Once you get liquidity issues, ie. no buyers, the price of bonds can drop really fast. So he sold his long bond ETFs. Instead, he bought ZEB as a bond substitute, which holds all 6 Canadian banks. Its MER used to be too high for him, but they recently chopped it to 25 bps, so he bought. But see his Top Picks for a bond ETF.

E.T.F.'s

COMMENT

For active investments with covered calls, you need to think about what type of exposure you want. Consider the different types of exposures to Canadian banks. It is not early, so would not be adding new money. However, he is overweight and thematically, it is good. Good on a relative basis.

E.T.F.'s

BUY

Allan Tong’s Discover Picks BMO's Equal-Weight Banks ETF, outperformed ZFN last year by 2%. As the name suggests, ZEB holds the big six banks more or less equally. It charges an MER similar to ZFN's at 0.6%, but pays a higher dividend of 3.33%. Volumes are more robust at an average of 612,000. And like XFN, ZEB is currently trading at 52-week highs. Read Best Financial Stocks in 2022 for our full analysis.

E.T.F.'s

TOP PICK

Strategic positioning, rather than buying individual names, since he might be in the sector for only 3 months or so. Seasonality from October to end of December, and also from mid-January to April. He's overweight Canadian banks at this time. They've been performing well, as they do when markets are volatile. Will do well if rates go up. Sweet spot. Yield as a group is about 4%.

E.T.F.'s

HOLD

Domestically, he doesn't generally use ETFs, saving those for foreign exposure instead. Overall, banks are good to be in right now, given world uncertainties. Rules being relaxed means share buybacks and dividend increases. Earnings potential over the next year will stall out, until the economy gets more settled. Prime area to hold for safety.

E.T.F.'s

COMMENT

Question on underlying dividend increase. ZEB yields will rise with dividend increases from the underlying stocks. For ZWB, the dividend increase will increase yield, but much of the performance comes from the volatility and the premium.

E.T.F.'s

BUY

ZEB vs. ZWB He prefers ZEB, with a lower management fee. ZWB has a higher yield at 5%, instead of 3.1%. ZEB has outperformed the covered call strategy. You want to own the underlying securities without being called out. Covered call strategy works better in a sideways or downwards market. But if the the market's falling, you probably don't want to own either.

E.T.F.'s

WAIT

The banking sector in Canada is always attractive. You can buy on tips. Does not have a preference on banks. An equal weight or individual purchase of banks is fine. Has started lightening in NA banks and started adding to Brazilian and Indian bank names. Wait for a pullback before adding to Canadian banks.

E.T.F.'s

BUY

Has seen massive flow into this fund. 28 basis points. You could do it, but it is also religiously managed. With an inflationary framework, it should benefit the Canadian banks. Hard to argue against banks. Going forward, could we see deflationary pressures? Yes. The tech revolution, debt and demographics are deflationary.

E.T.F.'s

BUY

E.T.F.'s

Showing 1 to 15 of 140 entries

BMO EQUAL WEIGHT BANKS INDEX ETF(ZEB-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 10

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 11

Stockchase rating for BMO EQUAL WEIGHT BANKS INDEX ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

BMO EQUAL WEIGHT BANKS INDEX ETF(ZEB-T) Frequently Asked Questions

What is BMO EQUAL WEIGHT BANKS INDEX ETF stock symbol?

BMO EQUAL WEIGHT BANKS INDEX ETF is a Canadian stock, trading under the symbol ZEB-T on the Toronto Stock Exchange (ZEB-CT). It is usually referred to as TSX:ZEB or ZEB-T

Is BMO EQUAL WEIGHT BANKS INDEX ETF a buy or a sell?

In the last year, 11 stock analysts published opinions about ZEB-T. 10 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BMO EQUAL WEIGHT BANKS INDEX ETF.

Is BMO EQUAL WEIGHT BANKS INDEX ETF a good investment or a top pick?

BMO EQUAL WEIGHT BANKS INDEX ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for BMO EQUAL WEIGHT BANKS INDEX ETF.

Why is BMO EQUAL WEIGHT BANKS INDEX ETF stock dropping?

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.

Is BMO EQUAL WEIGHT BANKS INDEX ETF worth watching?

11 stock analysts on Stockchase covered BMO EQUAL WEIGHT BANKS INDEX ETF In the last year. It is a trending stock that is worth watching.

What is BMO EQUAL WEIGHT BANKS INDEX ETF stock price?

On 2022-08-16, BMO EQUAL WEIGHT BANKS INDEX ETF (ZEB-T) stock closed at a price of $36.98.

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