Laurentian Bank of Canada T.LB

Results Suck and They Low Balled Loan Losses

[DeanEdmonton]

Eaarnings would be even worse if they had done porper loan loss provisions. A 79% efficiency Ratio? Unbelievable, that is worse than credit unions. Stagnant growth in all aspects, major computer outages, what a gong show. This is likely to get hammered some more, when the market opens.

[perplexed01]

bad report & yet another drop in price target but mr market's reaction is neutral.  must be in line with the street's expectation?  will be interesting to read about the conference call

[DeanEdmonton]

PP01 - when the analysts are calling Laurentian the place where investor money goes to die, I am not so sure the street is okay with their performance. The conference call will be the usual dog and pony promises of great things to come, that never get delivered. This has been a dog for years, not going to change anytime soon. They just won't do what they have to, to become a well run Bank.

[perplexed01]

cheer up Dean!  depending on today's outcome we've been trending up for 30 days now.  more & more talk that b of c will consider reducing rates next year.  if so "rising tide lifts all boats".  lb may be a dog but even dogs can be undervalued.   

[Possibleidiot01]

Laurentian stock is 'where money goes to die': portfolio manager Daniel Johnson , BNN Bloomberg   After an earnings miss from Laurentian Bank of Canada, a portfolio manager says he sees a difficult period ahead for the Montreal-based lender.  Laurentian Bank of Canada reported earnings on Thursday that fell short of all of its financial goals in 2023