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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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Comment by whodathunkiton Dec 07, 2017 1:13pm
131 Views
Post# 27110804

RE:Actually, Mr. Desjardins, it’s not your money

RE:Actually, Mr. Desjardins, it’s not your money
MrSilbergleit wrote:
 
"I can buy those loans back today," he said.Actually, Mr. Desjardins, it’s not your money; it belongs to the shareholders.
 
And who wouldn’t want to invest in a bank whose CEO doesn’t think $180million is significant? LOL


And what would the significant part be?  As an investor my worry would be how much of those loans might end up in default and therefore what would the cost to the bank be.  Considering these loans are all in good standing at the moment and that they have homes as collateral, I'm thinking the potential loss to Laurentian from these loans is no higher than the rest of their portfolio.  So yes, who wouldn't want to invest in a bank like this?  The only ones I can think of are shorters.  Is that what you've done, shorted?

Cheers.
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