Investment Q&A

Q: I currently hold TD, RY and BNS. I'm considering selling BNS given its higher risk in Latin America and risks in the financial sector now. Thinking of National Bank given its higher focus in Canada. Does this make sense? Thoughts? Or Hold?

Q: Peter; What are the May 15 earnings expectations? Thanks.
Rod

Q: I currently hold CIBC and BNS and think it a good time to add to Canadian banks due to the low valuations and high dividends. Do you see any issue with this? Time horizon is at least 6 years. Should I add to these existing or add the other 3 large Canadian banks? I also hold the BMO Canadian banks in my wife's portfolio.

Q: Could you please comment on their results and outlook?
Would you buy it today?

Thanks,
Milan

Q: Peter; Did AXOS get tarred with the US banking disaster brush which led to this buying opportunity? Thanks.rod

Q: Seems like a stellar quarter with 'back on track' guidance. Any remaining concerns?

Q: Hi

Sold GSY at a loss over 30 days ago in my cash account for the loss.

I hate when Government sticks there nose into business. If they did it once who says they will not do it again.

If I were to buy again would I be better off with GSY or PRL?

Thank you

Mike

Q: Does one of the 5 major Canadian banks have no US bank holding exposure and if not which has the least amount? Thank you.

Q: Hello 5i. I just watched a panel of former U.S. Fed economist, former Regional Bank CIO and Dick Bove, long time bank Analyst discussing US Regional banks on BNN. Their majority opinion is the Fed has lost all credibility with the markets, Bove has a list of 30 US regional banks he thinks are in peril, He thinks the only solution is a very deep recession. After that he sees Canadian banks having a "field day " buying US regional banks at discounts prices.

This is a very brief recap of the discussion and I am not planning to get out of the market, but this growing opinion that the Fed has lost control may cause some to greatly reduce their equity holdings.

I would appreciate your thoughts on this.

Thanks, Mike

Q: hi folks...opinion on Q results for Sofi....the good & bad...and if didn't have a position...would U rate it a Buy or Avoid...thanks as always, jb

Q: Hello 5i
Could please tell me the pros and cons of starting a position in PNC Financial today?
Obviously the sector is in a bit of turmoil currently but is this an opportunity also?
Thank you
Dave

Q: Hi do you like this as a contrarian play? The yield looks strong with good 2-3 year appreciation is share price. Is this strong opportunity to buy at a discount. Jamie Dimon claims the worst of the banking scare is behind us now. Would you agree?

Q: First Horizon is down significantly after TD called off the deal. I’m just looking for your opinion on this company as an investment now? It looks like a great buy now with limited if downside. They are profitable and have a history of increasing dividends. Thanks.

Q: Do you think that this stock is a solid hold? Does it have good possibilities? Thx James

Q: One source describes RBC and TD banks as having wide-moats; BNS and CM banks it describes as having narrow-moats.

Do you agree?

Is this something that someone who has a concentrated portfolio should especially heed?

All the best!

R

By the way, I really appreciate all 5i/Cdn $ Svr does. Thank you!

Q: In regards to TD - now that they have cancelled the First Horizon deal they will have an "excess capital" position. Is one possible use of that "excess" be to declare a special dividend. Is that even allowed by regulators - has a CDN bank ever declared a special dividend? What do you think they will do.
Thanks
Reg

Q: Trisura just annonced preliminary results for Q1. Could you comment please.

Thanks

Q: Would you endorse a switch from GSY to CM if one was looking for a more stable name with still good upside from current stock prices and a solid dividend yields

Q: Hi!
I just read piece about CIX in the Globe here: https://www.theglobeandmail.com/business/article-ci-financial-us-expansion-leave-canada/ .

It is a far from flattering description of CIX (says the CEO is overpaid, and the CEO overpaid for the US businesses, too much debt).

I have a couple of questions.

1) The article said that the CI will delist from the NYSE and be listed only on the TSE,
This seems like a bad development. What do you think?
2) Also, there is the talk about the IPO. Well, what does that exactly mean for share holders (ideally)? Would the IPO lead to a pop in CI's share price?
3) Would it end up being a dilutive transaction?

Maybe I am being pessimistic, but the outlook for CI seems...unprofitable...and I fear the worst (permanent loss of capital).

Q: What do you see in the medium term for TD? With a dividend approaching 5%, does it not invite investors to jump in? What am I not seeing here? If we get into, or deeper into, an unpleasant recession can you see TD share prices dropping significantly from current levels?

You have regularly note that the big banks have not historically reduced their dividends. If TD share prices do drop, the yields will be alarmingly high. It's been decades since I studied economics and I don't seem to be any smarter. Perhaps you can help.

thanks

al