RE:RE:FTN - what's the back story hereThe banks dragging on FTN are goldman sachs, Citigroup, JPMorgan, bank of America, etc. Are they down forever? They never recovered from 2008 and i think they will recover soon.
mouserman wrote: FTN and SBC are quite different as SBC is only basically the big 6 CAD banks , and a small percentage in the BROMPTON financial etf which holds some banks and a lot of insurers , from both the US and Canada.
FTN is primarily about 50% in CAD banks and lifecos, and about 30 to 40% in US banks.
So SBC and FTN are quite different in that regard as far as the make up of the funds.
The other glaring difference is that FTN current pays out about 19 cents per month in distributions, ( to preferreds and commons) , where as SBC only pays out about 15.25 cents.
FTN yield is much higher at present at about 17.25 % than SBC which today would yield only 12.75%.
SBC UNIT NAV is about 18$, and FTN is just over 17$ today...Both carry quite a high premium.
I find LBS a better bet than either of those 2 , considering the premium is lower and safety is similar.