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.

TSX:LB - Post by User

Laurentian Bank of Canada > Share Price Not Doing Well

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Post by DeanEdmontonon Jul 05, 2022 11:03am

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Post# 34801843

Share Price Not Doing Well

Given Laurentian is 70% retail and has a large exposure to the Quebec housing market, they could be in tough shape if these rsing interest rates accelrate defaults and foreclusres. If you believe there is going to bea major correction in housing prices in Montral and Quebec in general, then you may want to look at whether you want to retain exposure to this stock.

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