Insights & Commentary

Canadian Banks Q4 Earnings: Does Worse = Better?

Does worse = better for the Canadian banks when they report Q4 earnings later this month? In this 10-minute video, Rob Wessel discusses three ways the banks might “clean-up” fQ4 earnings to try to set the stage for an improved f2024. Tax Loss Switch Ideas: With Canadian banks down over the last two years and trading at depressed valuations, we highlight our suite of Canadian bank ETFs…

Video: Canadian Banks – Further Evidence of Rising Political and Regulatory Risk

With growing political opposition to the RBC/HSBC deal being approved, we provide an 8-minute video with Rob Wessel discussing the implications of rising political and regulatory risk for the Canadian banks, a theme that has been growing over the years. In particular, we talk about the implications to RBC if the deal is not approved, the various forms of regulatory risk, and what this theme means…

Canadian Banks: History Points to a Stronger 2024 (After Two Tough Years)

At the end of August, the S&P/TSX Canadian Diversified Bank Total Return Index (“Canadian bank index”) was lower versus two years earlier – a rare event. In fact, since its inception in May 2002, the Canadian bank index has had a negative rolling two-year return at just 24 month-ends (out of 232 month-ends)[1]. Historically, such an occurrence has represented a buying opportunity. Over the same 20+…

Canadian Banks: Three Ways the Banks Might “Clean Up” fQ4 (and Improve f2024)

The Canadian bank index is at roughly the same level it was two years ago – a very rare event[1]. Coming out of COVID, the sector rallied to a new peak in February 2022 when inflationary concerns took the index down over 20% in the following months, to levels it has remained on and off since. Part of the reason Canadian bank stocks have not risen…

Canadian Banks Q3 2023 Takeaways (BNN)

Rob Wessel was on BNN Bloomberg discussing the latest reporting results for the Canadian banks. More specifically, Rob provided his thoughts on how despite Canadian banks being flat over the last two years, the group is well positioned for a strong 2024 and how historically, buying the banks at these discounted valuations has proven to be an attractive opportunity for long-term investors. Canadian Banks Positioned for a…

Video: Canadian Banks – Weathering the Storm (15 min)

Watch our latest Q&A video update on the Canadian banks with Rob Wessel.  In this 15-minute video, Rob provides our key takeaways from Q2 earnings, thoughts on depressed valuations, and potential risks/catalysts for the sector moving forward.               Disclaimer: Commissions, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs) managed by Hamilton ETFs.…

Canadian Banks: Q2 Takeaways (BNN)

Rob Wessel was on BNN Bloomberg discussing the latest reporting results for the Canadian banks. More specifically, Rob provided his thoughts on: (i) rising loan loss provisions and whether credit is deteriorating or normalizing; (ii) bank valuations and the ongoing tug of war between analysts and the market; and (iii) TD’s profit warning amidst the current macro environment. Credit is normalizing; Banks are Missing Estimates on…

Market Outlook with Ed Yardeni

On May 11th, 2023, we hosted a Q&A webcast with prominent Wall Street strategist Ed Yardeni, moderated by Rob Wessel. Throughout, Rob asked Ed for his thoughts on (i) U.S. equity markets and why he believes the S&P 500 bottomed on October 12, 2022; (ii) implications of changes in fiscal/monetary policy; (iii) recent events in the U.S. banking sector; (iv) what the yield curve is actually predicting and his…

HYLD – Adding QQCC, USCC / Reducing QYLD, RYLD, XYLD; Change in Distribution

The objective of our ETFs, HDIV and HYLD, is to provide “attractive monthly income”. To accomplish this, we aim to create higher income ETF versions of the S&P/TSX 60 and S&P 500, respectively. Given the sector mix of the S&P/TSX 60 and the S&P 500 are highly complementary, and the two equity markets have related but different drivers, we believe there are benefits to holding a…

Video: Canadian Banks – What’s Next?

Watch our 15-minute Q&A video below with Rob Wessel on the Canadian banks, where we discuss key issues including macro volatility, depressed valuations, and recent events in the U.S. CLICK HERE for information on HEB, the lowest-fee Canadian bank ETF.   Disclaimer: Commissions, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs) managed by Hamilton ETFs. Please read the…

HDIV and HYLD – Performance Update; (Still) Working Well Together

In this insight, we provide an update on the performance of the Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV) and the Hamilton Enhanced U.S. Covered Call ETF (HYLD). While the objective of each ETF is to generate “attractive monthly income”, we hope each ETF will pay higher monthly income while generating similar and highly correlated returns to the large benchmark indices of Canada (for HDIV) and…

    Stay Informed!

    We are Canada's leading specialists in the financials sector.
    Subscribe to get notified of our latest insights, updates and upcoming events.