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 > $44.95

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Comment by DeanEdmontonon Mar 02, 2022 10:18am

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Post# 34474696

RE:RE:RE:RE:$44.95

You need to look at the full report a lot closer. Expenses are up, Personal loans and mortgages are down, wholesale deposits grew and so did Commercial loans. The bank's deposits are 80% retail, and total deposits are opnly 2/3s of what loans are so the balance of the loan book is funded with hot money. The bank's ongoing errosion of its far more profitable retail business continues. That is not a sign that they have turned anyhting around. When you look at the loan and depsoit growth of all the other banks, including CWB and National, you can see how far off trend LB still is.