Laurentian Bank of Canada T.LB.PR.H

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

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.

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Laurentian Bank of Canada > Strategic review

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Comment by RayDonovan78on Sep 18, 2023 8:37am

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Post# 35640978

RE:RE:RE:RE:Strategic review

So $80 is off the table now ???? Lol

autofocus111 wrote: Stock was trading at ~0.6 P/TBV before the surge today. I'd expect an offer would value LB at a 1.0x multiple at a bare minimum and probably 1.2x more reasonable. That translates to a buyout target price in the range of $55-65. Anything lower I'd expect the BOD to reject it. If mulitple bidders emerge a 1.5x multiple is conceivable... so $80.

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