E192 – Decoding Q3 Canadian Bank Earnings

BMO ETFs: Views from the Desk

Third quarter earnings season for Canada’s biggest lenders saw share prices slump amid rising loan-loss provisions and broader economic concerns. Yet amid the gloom, our experts parse out reasons why Canadian banks are a wise investment for long-term investors. On this episode, Sohrab Movahedi, Chris Heakes, and your host Daniel Stanley, dissect the latest earnings results among the Big 6 banks, and examine what 2024 could hold for the lenders and investors.

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. The episode was recorded live on September, 14, 2023.

ETFs mentioned in the podcast:

• BMO Equal Weight Banks Index ETF (Ticker: ZEB)
• BMO Canadian Bank Income Index ETF (Ticker: ZBI)
• BMO Equal Weight US Banks Index ETF (Ticker: ZBK)
• BMO Covered Call Canadian Banks ETF (Ticker: ZWB)
• BMO Covered Call US Banks ETF (Ticker: ZWK)

Disclosure:

The viewpoints expressed by the Portfolio Manager represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance.

Commissions, management fees and expenses (if applicable) all may be associated with investments in BMO ETFs and ETF Series of the BMO Mutual Funds. Please read the ETF facts or prospectus of the relevant BMO ETF or ETF Series before investing. BMO ETFs and ETF Series are not guaranteed, their values change frequently and past performance may not be repeated.

For a summary of the risks of an investment in the BMO ETFs or ETF Series of the BMO Mutual Funds, please see the specific risks set out in the prospectus. BMO ETFs and ETF Series trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.

BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal. ETF Series of the BMO Mutual Funds are managed by BMO Investments Inc., which is an investment fund manager and a separate legal entity from Bank of Montreal.

BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate.

®/™Registered trademarks/trademark of Bank of Montreal, used under licence.