SELL Daniel Pronk Conviction5/5 Analysis quality85/100 now
The YouTuber sold his position in Equitable Bank (EQB) due to consistent earnings misses and declining financial performance, despite management's assurances. He notes that the company's earnings per share have been flat for five years, loss ratios are increasing, and its market position is being eroded by competitors like Wealth Simple, indicating a deterioration of fundamentals.
“So, this is a company that said, 'Hey, 2024 was a one-off. It's not going to happen again.' Now, we're in the second quarter of 2025, and earnings dropped by 20% year-over-year. So, the company is not just having another 2024. It's looking like so far 2025 is actually even worse.” — ▶ 41:00