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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

Bullboard Posts
Post by LordVon Feb 27, 2019 12:35pm
243 Views
Post# 29418325

I think dividend is safe

I think dividend is safe

Look at there expenses for running two banking systems plus severances ,  once they get ride of the 350  people and cut out the two computer systems there costs are going to drop.  Am i impressed NO if they were going to cut staff they should have already done it last year, if they cut the dividend , then we need new management and board members because they have had plenty of time to get this ship going in the right direction.  Also this stock is being played by professional shorters and day traders that are controlling the company share price because of lack of regulators on this side of the border.  So heres hoping long term we will win but we wont go anywhere until they shake these shorters off this bank and with the way there earnings are coming in they are not going to back off until the bank gets serious or even does a share repurchase to bring up there price.  I see alot of expenses and not alot of earnings


Cheers
 

V

Bullboard Posts