High dividend yields could help Canadian banks: Steinberg

Lorne Steinberg, President, Lorne Steinberg Wealth Management, joins BNN Bloomberg to discuss the underperformance of Canadian banks versus U.S. banks and how much exposure he has.
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[@hchalz]

What we really need is for Trudeau and Freeland to introduce a banking tax, 5% of all income and profit. The money collected will be used to help the banks.

[@yvonjasser]

😂

[@manfestiondaily]

Freeland approves, Canadians have never had it better !!

[@Tomyum19]

How many drugs are you on?

[@yvonjasser]

@@Tomyum19 he takes 1 pill of Sarcazm everyday

[@svenhodaka9145]

I agree with your guest. Banks are out of favor right now and some with >5% dividend. Time to accumulate. Also consider the general guidance. Buy Cdn banks when yields are > 4%, sell when yields are < 4%. Simple. 🤷‍♂️📈