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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

Post by DeanEdmontonon Mar 03, 2021 10:25am
163 Views
Post# 32704164

I am Impressed with the Jan 21 Results

I am Impressed with the Jan 21 ResultsHave to give the new CEO her due, this is a very large turn around in a pretty short time . Pofit is way up, and that is a combinatin of better capital Markets earnings and much higher mortgage pre-apyment penalties, not mecessarily a good thing since the mortgage book is shrinking, while also materially triming expenses. Triming expenses is not something the previous leadership was ever able to actually do. Improving the effcency almost 9% over the same quarter last year and almost 6% from last quarter, is a very big move. It is still at 70% so there is a very long ways to go to get it to 50% like it should be but this is at least progress. Commercial loans are flat, and consumer loans, mortgages and deposits have actually slipped, but not by as much as they were in previous quarters. They may have finally started to stem the errosion of their customer base. Will be very interested to see if the new senoir excutives she is hiring can turn around the loan and deposit growth.
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