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Laurentian Bank of Canada T.LB

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

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

Post by Figlenon Jun 02, 2021 2:07pm
251 Views
Post# 33311852

A solid investment

A solid investmentLaurentian bank has a history of stock price volatility and sits in the shadow of the Big 6 Canadian banks, but should be not thrown aside as a poor investment. Follow its price charts through the ups and downs and you'll see that it sits at a good point in the financial cycle with most of its negative news behind it but still lots of potential forward. At earnings of $4-$5 a share per year for 2021 and 2022 and a 12 p/e, there is lots of potential for this stock to get to $60 plus . As previous comments have mentioned, there is a need for more deposits but the new commercial focus nd cost cutting measures seem to be working and thus I feel this stock deserves a longer look. I am also a big believer and investor in CM plus liked where the banks were last year and now feel that they've run up there is some need to spread out the risk by going into the smaller lagging Financials.
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