In this special episode, Sohrab Movahedi, Chris Heakes and Daniel Stanley discuss the first quarter earnings from Canada’s “Big Six,” breaking down the recent results and the macro trends impacting markets. They also examine rising loan-loss provisions and commercial real estate and look back on the U.S. regional banking crisis a year after it began.

Daniel Stanley is an ETF Specialist at BMO Global Asset Management. He is joined on the podcast by Chris Heakes, Portfolio Manager and ETF Specialist, BMO Global Asset Management and Sohrab Movahedi, Managing Director, Financials Research, BMO Capital Markets. This episode was recorded on Thursday, March 7, 2024.

ETFs mentioned in the podcast:

BMO Equal Weight Banks Index ETF (Ticker: ZEB)

BMO Covered Call Canadian Banks ETF (Ticker: ZWB)

BMO Canadian Bank Income Index ETF (Ticker: ZBI)

BMO Canadian Bank Accelerator ETF (Ticker: ZEBA)

BMO Equal Weight US Banks Hedged to CAD Index ETF (Ticker: ZUB)

BMO Equal Weight US Banks Index ETF (Ticker: ZBK)

 

ZEB, total returns as at 2024/02/29: 1yr: 2.61%, 3yr: 8.44%, 5yr: 8.41%, 10yr: 9.17%, SI: 10.08%

ZBI, total returns as at 2024/02/29: 1yr: 7.13%, 2yr: 1.06%, SI: 0.65%

ZAG, total returns as at 2024/02/29: 1yr: -1.77%, 3yr: -2.25, 5yr: 0.56%, 10yr: 1.79%, SI: 2.59%

ZUB, total returns as at 2024/02/29: 1yr: -11.38%, 3yr: -4.79, 5yr: 0.65%, 10yr: 4.53%, SI: 5.78%

ZUB was up 39.29% from March 17, 2023 to March 7, 2024. Bloomberg and BMO Global Asset Management.

Disclosure:

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Weighted Average Yield to Maturity: The market value weighted average yield to maturity includes the coupon payments and any capital gain or loss that the investor will realize by holding the bonds to maturity.

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