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Bullboard - Stock Discussion Forum Canadian Banc Corp T.BK

Alternate Symbol(s):  CNDCF | T.BK.PR.A

The Companys investment objectives are (i) to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the Prime Rate plus 0.75%, with a minimum annual rate of 5.0% and a maximum annual rate of 7.0% (ii) to provide holders of Class A Shares with regular floating rate monthly cash distributions targeted to be at a rate per... see more

TSX:BK - Post Discussion

Canadian Banc Corp > re I missed my prediction by 8 cents
View:
Post by deisman03 on Dec 08, 2023 9:50pm

re I missed my prediction by 8 cents

Yes, but the overall NAVs are pretty much rangebound. 

Also, the real estate/mortgage market is still floating over their heads. 

The next few months will be very telling and expect prices to be low right into June/July, unless something we haven't heard makes a significant impression one way or another. 

The way things look now, interest rates could stay right where they are until then or even see another increase or two. 

GLTA the good folks here
Comment by NoShoesNoShirt on Dec 09, 2023 9:13am
Yes Canadian banks are rangebound, so LFE and FTN are worth looking into.  Big US banks and Canadian lifecos are rising. 
Comment by kurtwalter on Dec 11, 2023 1:08pm
LFE and LCS are doing well. LFE close to reinstate dividends?
Comment by Donwaan on Dec 09, 2023 3:40pm
The lower forever camp may need to reassess their beliefs in light of current market realities https://www.marketwatch.com/story/inflation-is-falling-but-interest-rates-will-be-higher-for-longer-way-longer-e1868e87?mod=home-page (copy and paste link to browser to read if interested)
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