BMO Covered Call Cdn Banks ETF

ZWB-T

Analysis and Opinions about ZWB-T

Signal
Opinion
Expert
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.
BUY
BUY
December 4, 2018
Buy bank stocks as bond proxies? He likes Canadian banks, especially with covered calls like ZWB. Pricey at 75 basis points, but he has directly seen the value that BMO provides to this ETF. This isn't a bond substitute, but he's rather be paid 4% (dividend) after some dopey high-yield fund or ETF. But he wouldn't hold more than a 10% weighting in Canadian banks.
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Buy bank stocks as bond proxies? He likes Canadian banks, especially with covered calls like ZWB. Pricey at 75 basis points, but he has directly seen the value that BMO provides to this ETF. This isn't a bond substitute, but he's rather be paid 4% (dividend) after some dopey high-yield fund or ETF. But he wouldn't hold more than a 10% weighting in Canadian banks.
John Hood

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Price
$18.070
Owned
Unknown
DON'T BUY
DON'T BUY
November 12, 2018
ZWU-T vs. ZWB-T. Rising interest rates are positive for revenues for banks, not profits necessarily. The yield curve is flattening and this is not good for banks. He prefers ZWU-t to ZWB-T.
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ZWU-T vs. ZWB-T. Rising interest rates are positive for revenues for banks, not profits necessarily. The yield curve is flattening and this is not good for banks. He prefers ZWU-t to ZWB-T.
COMMENT
COMMENT
October 22, 2018

ZWE-T vs. ZWU-T vs. ZWB-T. A 100% stake in anything is generally a bad idea. These three give you 2/3rds of your portfolio seeking dividends in Canada. He would add ZPW-T for US put writes. ZWH-T would give you a broader exposure. He would underweight Canada.

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ZWE-T vs. ZWU-T vs. ZWB-T. A 100% stake in anything is generally a bad idea. These three give you 2/3rds of your portfolio seeking dividends in Canada. He would add ZPW-T for US put writes. ZWH-T would give you a broader exposure. He would underweight Canada.

HOLD
HOLD
October 1, 2018

ZWB-T vs. ZWU-T. ZWU-T is high dividend covered call, 70% US. It is very interest rate sensitive. ZWB-T is banks and so when interest rates are rising they tend to do better. They are counter balanced so putting money into both is a good pairing, generally. He owns no Canadian banks because he thinks they are expensive right now, however.

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ZWB-T vs. ZWU-T. ZWU-T is high dividend covered call, 70% US. It is very interest rate sensitive. ZWB-T is banks and so when interest rates are rising they tend to do better. They are counter balanced so putting money into both is a good pairing, generally. He owns no Canadian banks because he thinks they are expensive right now, however.

SELL
SELL
September 21, 2018

ZWU vs. ZWB? Be careful now. If interest rates rise, be sure you’re in the highest credit quality area, and he’s not sure this is the one. Has done incredibly well as interests rate have gone down. The back side is that interest rates start going up you won’t get any downside protection. If it’s in a TFSA, where you don’t have to worry about capital gains, you may want to bring it down a little bit.

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ZWU vs. ZWB? Be careful now. If interest rates rise, be sure you’re in the highest credit quality area, and he’s not sure this is the one. Has done incredibly well as interests rate have gone down. The back side is that interest rates start going up you won’t get any downside protection. If it’s in a TFSA, where you don’t have to worry about capital gains, you may want to bring it down a little bit.

Showing 1 to 15 of 174 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 : 1

Total Signals / Votes : 3

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, 3 stock analysts published opinions about ZWB-T. 2 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 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 2020-04-02. 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?

3 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 2020-04-06, BMO Covered Call Cdn Banks ETF (ZWB-T) stock closed at a price of $13.99.