Laurentian Bank of Canada T.LB

Alternate Symbol(s): LRCDF | LAUCF | T.LB.PR.H

Financial Services Banks - Global

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.

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Laurentian Bank of Canada > declares dividend on its common shares

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Comment by autofocus111on Sep 22, 2021 2:26pm

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RE:RE:RE:RE:declares dividend on its common shares

I am a value investor. LB has a P/B value well below 1, unlike the major Canadian banks that are priced well above 1. LB is minimally exposed to volatile and riskier brokerage business. And no US business exposure. TD recently bought a commercial lending business which LB has been focused on for some time... I wonder why? I am in the green with LB and have no problem waiting for a turn-around. You can keep your overpriced big bank stocks.

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