Laurentian Bank of Canada T.LB.PR.H

Primary Symbol: T.LB Alternate Symbol(s): LRCDF | LAUCF

Financial Services

Laurentian Bank of Canada (the Bank) is a Canada-based provider of financial services to its personal, commercial and institutional customers. The Bank operates in Canada and the United States. Its segments include Personal Banking, Commercial Banking and Capital Markets. The Personal Banking segment caters to the financial needs of retail clients. The Commercial Banking segment caters to the financial needs of business clients across Canada and in the United States and provides commercial banking, real estate financing, and equipment and inventory financing. The Capital Markets segment provides a range of services, including research, market analysis and advisory services, corporate underwriting for debt and equity, and administrative services. The Bank's clients can access its offering of financial advice, products and services through a network of branches in Quebec. The Bank offers a digital direct-to-customer platform to all Canadians. The Bank has approximately 57 branches.

TSX:LB - Post by User

Laurentian Bank of Canada > Let's not lose sight of the basic facts

<< Previous

Bullboard Posts

Next >>

Comment by Investing4Lifeon Jul 29, 2023 10:21pm

130 Views

Post# 35563523

RE:RE:Let's not lose sight of the basic facts

Fair point. It's impossible to be 100% sure of anything in these situations. The only thing that is officially confirmed is that LB has said in a news release that it is conducting a strategic review.

This is what the Globe and Mail reported July 12, 2023.

"Laurentian has been discussing the possibility of a deal with several suitors since late June, sources familiar with the matter told The Globe. The bank has hired JPMorgan Chase & Co. and law firm Osler, Hoskin & Harcourt LLP as its advisers. Laurentian is also believed to have received a bid from an undisclosed rival bank."

<< Previous

Bullboard Posts

Next >>

DRI Healthcare stock drops 28% after executive changes