Banks have reported awesome earningsFor the most part the US banks blew away analyst estimates, and are sitting on some decent cash, starting to talk buybacks and raisinf divvies. I dont see any big correction in tghe banks. Altho there are some other beaten down sectors that may have more upside, not many pay as steadily as the banks and raise dividends consistently.
Canadian banks and lifecos have been on a tear as well, as they weathered the COVID pandemic financially better than most.
FFN UNIT NAV at this point is around $ 16.35 to April 23, and that equates to a premium of about
13%. That is a bit high, but does carry a huge yield of nearly 19% . I did take some off the table and FFN no longer my biggest holding, as I was a bit overweight in this name.
I did buy into some other splits trading at a discount, LBS, LCS and also grabbed a few DGS back , on the pullback after selling off my position at 6.55 range.