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Laurentian Bank of Canada T.LB

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

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
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Post by carlocarlion Dec 12, 2018 11:33am
131 Views
Post# 29103447

Loss on syndicated loan

Loss on syndicated loanI am trying to understand the implications of the 10 million dollar loss due to a syndicated that LB reported in Q4 2018. As I understand it, this loss (7.3 million dollars after taxes or $0.17/share) is a non recurring event (one hopes). Does this mean that the Q4 2018 results were skwewed downwards by this one-time loss? Does anyone have a different interpretation?
Thank you and good luck to all.
Bullboard Posts
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