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Showing 1 to 15 of 196 entries
TOP PICK
Core holding, especially for more conservative investors who want yield. Banks have been beaten up because of concern about recession, but this is premature. Canadian banks are in pretty good shape from a credit point of view. Yield around 6%.
E.T.F.'s
BUY
Likes it, owns a lot. Yields are more attractive than on regular banks.
E.T.F.'s
BUY on WEAKNESS
They only write the covered calls on half the position, so you get more upside exposure than pure covered calls. For a more conservative play, ZWB has a covered call strategy on banks. Nothing is risk free however. Does not think there will be a big recession.
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
DON'T BUY
ZWB vs. ZEB 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
BUY
An ETF for a TFSA ZWB, a covered call on Canadian banks, yields 5.5%, and is a surrogate for the Canadian economy.
E.T.F.'s
WAIT
If the Trudeau government wins, then they will impose a surtax. He would wait here since it is not priced in probably. There is also volatility from Chinese real estate and US debt ceiling. Gotta love Canadian banks long term. Could get a better deal.
E.T.F.'s
DON'T BUY
An income based strategy. Would rather own the banks directly rather than the covered call overlay. Probably not getting much from it since you give up some on the upside.
E.T.F.'s
PAST TOP PICK
(A Top Pick Apr 08/21, Up 51%)Note: His 3rd past pick was cash. It comes down to buying at the right. Have a strategy before volatility hits, which is what he did in April 2020. Good returns.
E.T.F.'s
COMMENT

The profitability of banks is net interest margins. The steepening of the yield curve has led to banks being more profitable. A flattening yield curve is a headwind. We are not there yet. When the yield curve starts to flatten. ZEB is good to capture upside, and ZWB for when it will go sideways to down.

E.T.F.'s
COMMENT
Different ways to play the Canadian banks. There is some volatility but there is yield to compensate.
E.T.F.'s
COMMENT

ZEB is equal weight where as ZWB is equal weight banks with a covered call overlay. When you think the markets will go sideways or down, covered calls will perform better. However, the covered call gives away some of the upside potential so if you are bullish on growth, forego the covered call.

E.T.F.'s
COMMENT
The caller requested suggestions for higher dividend ETF. There's a number of ways to play it. Go to an ETF website to see which ETF fits your profile. Covered calls provide higher dividends.
E.T.F.'s
BUY
There are so many ETFs, so it depends what you're looking for. A Canadian bank ETF from any vendor will give you income and growth, like ZWB-T. An ETF reduces volatility vs. owning individual stocks.
E.T.F.'s
Showing 1 to 15 of 196 entries

BMO Covered Call Canadian Banks ETF(ZWB-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 7

Stockchase rating for BMO Covered Call Canadian Banks 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 Covered Call Canadian Banks ETF(ZWB-T) Frequently Asked Questions

What is BMO Covered Call Canadian Banks ETF stock symbol?

BMO Covered Call Canadian Banks ETF is a Canadian stock, trading under the symbol ZWB-T on the Toronto Stock Exchange (ZWB-CT). It is usually referred to as TSX:ZWB or ZWB-T

Is BMO Covered Call Canadian Banks ETF a buy or a sell?

In the last year, 7 stock analysts published opinions about ZWB-T. 4 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BMO Covered Call Canadian Banks ETF.

Is BMO Covered Call Canadian Banks ETF a good investment or a top pick?

BMO Covered Call Canadian Banks ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for BMO Covered Call Canadian Banks ETF.

Why is BMO Covered Call Canadian Banks 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 Covered Call Canadian Banks ETF worth watching?

7 stock analysts on Stockchase covered BMO Covered Call Canadian Banks ETF In the last year. It is a trending stock that is worth watching.

What is BMO Covered Call Canadian Banks ETF stock price?

On 2022-08-10, BMO Covered Call Canadian Banks ETF (ZWB-T) stock closed at a price of $19.39.