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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 Sep 04, 2018 7:43pm
91 Views
Post# 28562358

RE:Same bad news again and again

RE:Same bad news again and again
majortrout wrote: "Laurentian said it had completed a review of mortgages incorrectly sold to Canada’s federal housing agency and an unnamed buyer and repurchased mortgages from those parties during the quarter."**

**https://www.theglobeandmail.com/business/article-laurentian-bank-buys-back-135-million-of-mortgages-from-cmhc/

The same rotten news keeps reappearing over and over. I don;lt believe for a
nano-second that the bad loan fiasco is over, especially after today's news'



Bad news?  Actually, good news.  They've reviewed the file and it is as they suggested it would be.  No additional purchases needed.  And by the way, these loans are all performing normally.

Either you are fully short and these are pathetic attempts to continue the slide or you genuinely believe what you are saying and therefore showing how sadly inadequate your analysis is.

Yes the qtrly and 9 mth numbers are not steller on a per share basis which is pretty much all related to the loan issue.  Not because the loans are bad but because of the optics and therefore the need to remain more liquid which means less loan revenue.  This too shall pass.

Cheers.
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