RE:RE:RE:RE:Good results from lifecosstwatcher wrote: At the peak ? Banks and insurance companies at all time highs ?? Time to sell b class for A with dividend now I think ? Any thoughts
Well there is bound to be a correction, just looking at historical charts, BUT at this point the CAD banks are sitting on the most cash in their history as the Canadian regulators put a hold on raising dividends or buying back stock for the big 6. That is about to come off, and we can expect a 20% hike in the dividends for the banks.
The lifecos for the most part have weathered the pandemic really well, and strange to see the market beat down MFC , but it had bounced back to near alltime highs.
IAG has been the best gainer in the past year, nearly a double since MAY last year. But still below its alltime high near 76$ hit in 2020.
GWO has also done quite well since the smackdown at the beginning of the pandemic, and is also not back to all-time highs, so maybe some more upside there.
SLF the only lifeco to surpass its alltime high here in 2021... and so maybe upside is limited there.