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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 johnathamiltonon Dec 13, 2018 6:40pm
85 Views
Post# 29113063

RE:RE:What should I do?

RE:RE:What should I do?
Certainly it is a disappointing turn for LB. They are reaping the results of reckless lending during the heated housing market. However for some, buying in at a 7% divident with a company that is making money and well able to cover the dividend so I would wait it out. You're not going to make even 5% on long term bonds at the moment. If you wait for a couple of years, maybe even reinvest your dividends at this depressed level you will do okay, but not til 2020. 
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