BMO Covered Call Cdn Banks ETF

ZWB-T

Analysis and Opinions about ZWB-T

Signal
Opinion
Expert
COMMENT
COMMENT
October 5, 2020
The rule of thumb is, if you are bullish, then you don't want the headwind of the covered call overlay. If you are concerned about sideways or downside risk, then you want the additional yield from the covered call.
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The rule of thumb is, if you are bullish, then you don't want the headwind of the covered call overlay. If you are concerned about sideways or downside risk, then you want the additional yield from the covered call.
DON'T BUY
DON'T BUY
September 17, 2020
ZWB vs. ZWC He'd stay away from financial services, as with the low rates it's hard for the banks to be profitable. He'd rather go with the broader index. The more volatile a price, the higher the premium you'll get on a covered call. The covered call strategy here hasn't delivered in this volatile environment.
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ZWB vs. ZWC He'd stay away from financial services, as with the low rates it's hard for the banks to be profitable. He'd rather go with the broader index. The more volatile a price, the higher the premium you'll get on a covered call. The covered call strategy here hasn't delivered in this volatile environment.
BUY
BUY
August 5, 2020
Not a bad way to play the banks. Banks have underperformed. Historically, they've done quite well in August and September. But now they're struggling. So until they start to show some real outperformance, the covered call is preferable to owning them outright.
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Not a bad way to play the banks. Banks have underperformed. Historically, they've done quite well in August and September. But now they're struggling. So until they start to show some real outperformance, the covered call is preferable to owning them outright.
COMMENT
COMMENT
June 9, 2020

ZWC vs. ZWB Both offer additional income through covered calls. ZWC yields 8.4% plus the dividend and premium from the covered call strategy. ZWB (Canadian banks) pays 6.5%. Both you pay 72 basis points in MER. ZWC is more diverse with banks, pipelines and telecoms so he prefers ZWC. Warning: long-term, covered calls can lag the underlying securities if there's a bull market in those securities. In an up market, he prefers the stocks themselves or other ETFs.

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ZWC vs. ZWB Both offer additional income through covered calls. ZWC yields 8.4% plus the dividend and premium from the covered call strategy. ZWB (Canadian banks) pays 6.5%. Both you pay 72 basis points in MER. ZWC is more diverse with banks, pipelines and telecoms so he prefers ZWC. Warning: long-term, covered calls can lag the underlying securities if there's a bull market in those securities. In an up market, he prefers the stocks themselves or other ETFs.

TOP PICK
TOP PICK
April 8, 2020
This has tracked well with the market, despite having covered calls. He has worked closely with the managers and has even sat on their trading desk. Its MER is 0.75%. About 50% does not have covered calls sold against the holdings. Yield 7.21%
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This has tracked well with the market, despite having covered calls. He has worked closely with the managers and has even sat on their trading desk. Its MER is 0.75%. About 50% does not have covered calls sold against the holdings. Yield 7.21%
COMMENT
COMMENT
April 2, 2020

ZWB-T vs. ZEB-T. If your view on the banks is sideways to down a little bit, then ZWB-T is the better holding but if you are bullish on the banks then you don’t want the covered calls. He prefers ZEB-T right now because he wants all the price capture upside when the banks recover.

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ZWB-T vs. ZEB-T. If your view on the banks is sideways to down a little bit, then ZWB-T is the better holding but if you are bullish on the banks then you don’t want the covered calls. He prefers ZEB-T right now because he wants all the price capture upside when the banks recover.

DON'T BUY
DON'T BUY
March 9, 2020
Definitely be in covered calls now to lower volatility. But he wouldn't buy banks because interest rates are so low. He's avoiding banks.
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Definitely be in covered calls now to lower volatility. But he wouldn't buy banks because interest rates are so low. He's avoiding banks.
COMMENT
COMMENT
January 6, 2020

vs. ZWC ZWC covers the general Canadian market vs. ZWB which covers Canadian banks. If you think banks will do well, ZWB may lag the market, but if the market tumbles, this will fall less.

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vs. ZWC ZWC covers the general Canadian market vs. ZWB which covers Canadian banks. If you think banks will do well, ZWB may lag the market, but if the market tumbles, this will fall less.

PARTIAL BUY
PARTIAL BUY
December 20, 2019
He’s more neutral on the banks. However, if you really want to invest in the banks, ZWB has a better yield because of the covered calls. If the bank goes sideways, it is a good way to play it. A good dividend.
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He’s more neutral on the banks. However, if you really want to invest in the banks, ZWB has a better yield because of the covered calls. If the bank goes sideways, it is a good way to play it. A good dividend.
TOP PICK
TOP PICK
September 13, 2019
The one covered call he didn't sell. It's always been a good performer and it's a good way to have income. It pays a 5% yield. There is possible capital gains and dividends.
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The one covered call he didn't sell. It's always been a good performer and it's a good way to have income. It pays a 5% yield. There is possible capital gains and dividends.
PAST TOP PICK
PAST TOP PICK
June 3, 2019
(A Top Pick May 22/18, Down 3%) He likes the Canadian Banks. Particularly the ones with the US exposure. Nice dividend yield. Core holding for him. If it drops he would re-balance and buy more.
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(A Top Pick May 22/18, Down 3%) He likes the Canadian Banks. Particularly the ones with the US exposure. Nice dividend yield. Core holding for him. If it drops he would re-balance and buy more.
COMMENT
COMMENT
March 25, 2019
Why are Canadian banks out of favour? There's renewed short interest in Canadian banks now. Also, there's economic uncertainty in Canada (flat rates, weak growth). You don't get much from the covered call. He'd rather buy the individual banks and collect their dividends. He's not worried about others shorting Canadian banks. You can dip your toe in now and dollar-cost average down over time.
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Why are Canadian banks out of favour? There's renewed short interest in Canadian banks now. Also, there's economic uncertainty in Canada (flat rates, weak growth). You don't get much from the covered call. He'd rather buy the individual banks and collect their dividends. He's not worried about others shorting Canadian banks. You can dip your toe in now and dollar-cost average down over time.
BUY WEAKNESS
BUY WEAKNESS
January 11, 2019
He's bullish the Canadian banks, which hold on during the correction until the tail end when they caught in the overall sell-off. The problem with the covered-call is they underperform the banks themselves. He hasn't bought this and recommends the straight bank ETF, which has outperformed ZWB. But if you think the banks will fall or go sideways, then buy ZWB.
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He's bullish the Canadian banks, which hold on during the correction until the tail end when they caught in the overall sell-off. The problem with the covered-call is they underperform the banks themselves. He hasn't bought this and recommends the straight bank ETF, which has outperformed ZWB. But if you think the banks will fall or go sideways, then buy ZWB.
WATCH
WATCH
January 2, 2019
This is always a core holding for him and it provides a 5.25% yield. He is concerned in this market right now and he may not own this soon. He is afraid of giving away the upside if the market rallies. He might prefer to own the banks stocks outright -- without selling covered calls.
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This is always a core holding for him and it provides a 5.25% yield. He is concerned in this market right now and he may not own this soon. He is afraid of giving away the upside if the market rallies. He might prefer to own the banks stocks outright -- without selling covered calls.
HOLD
HOLD
December 24, 2018
A BMO covered call ETF on Canadian banks. It is not a trading vehicle. The purpose of a covered call ETF is to harvest the premiums. This has gone down by less than an ETF just focused on banks with no covered calls. This is a longer term vehicle. Get it if you expect banks to be range bound or go up a little, but if they were going to rocket up you would not want the covered calls.
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A BMO covered call ETF on Canadian banks. It is not a trading vehicle. The purpose of a covered call ETF is to harvest the premiums. This has gone down by less than an ETF just focused on banks with no covered calls. This is a longer term vehicle. Get it if you expect banks to be range bound or go up a little, but if they were going to rocket up you would not want the covered calls.
Showing 1 to 15 of 179 entries

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

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 4

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

What is BMO Covered Call Cdn Banks ETF stock symbol?

BMO Covered Call Cdn 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 Cdn Banks ETF a buy or a sell?

In the last year, 4 stock analysts published opinions about ZWB-T. 2 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 Cdn Banks ETF.

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

BMO Covered Call Cdn Banks ETF was recommended as a Top Pick by Larry Berman CFA, CMT, CTA on 2020-10-05. Read the latest stock experts ratings for BMO Covered Call Cdn Banks ETF.

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

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

What is BMO Covered Call Cdn Banks ETF stock price?

On 2020-11-26, BMO Covered Call Cdn Banks ETF (ZWB-T) stock closed at a price of $17.68.