This summary was created by AI, based on 1 opinions in the last 12 months.
The experts agree that bank stocks bottomed in Oct 23' and were a good buy, with the relief in interest rates being beneficial for bank stocks. They also highlighted strong earnings as a positive factor for stock performance. The recent share pullback is seen as a good opportunity to buy for potential growth in the future.
Disclosure: He works for Horizons. This is an equal-weight bank ETF. Banks are entering seasonality. Market softness could benefit the banks, and definitely when rates tick down. The market will likely trade sideways then rise gradually, but this will benefit the banks.
Horizons Equal Weight Canada Banks Index ETF is a Canadian stock, trading under the symbol HEWB-T on the Toronto Stock Exchange (HEWB-CT). It is usually referred to as TSX:HEWB or HEWB-T
In the last year, 1 stock analyst published opinions about HEWB-T. 1 analyst 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 Horizons Equal Weight Canada Banks Index ETF.
Horizons Equal Weight Canada Banks Index ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Horizons Equal Weight Canada Banks Index 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.
1 stock analyst on Stockchase covered Horizons Equal Weight Canada Banks Index ETF In the last year. It is a trending stock that is worth watching.
On 2024-12-11, Horizons Equal Weight Canada Banks Index ETF (HEWB-T) stock closed at a price of $39.64.
Bank stocks had bottomed in Oct 23' which made for a good buy. Relief in interest rates good for bank stocks. Strong earnings also good for stock performance. Recent share pullback good time to buy.