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.

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Laurentian Bank of Canada > Not Interesting to the Big 5

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Comment by RayDonovan78on Jul 17, 2023 11:35am

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Post# 35544188

RE:RE:RE:Not Interesting to the Big 5

LB's only hope is for a Canadian Bank or Credit union to buy it out. I dont think any American bank or investment firms are interested as there is too much bank regulation in Canada (good thing) Americans don't like regulation as we have seen with their multiple bank failures over the years

DeanEdmonton wrote: Ray, since I know you are still holding some shares in this Bank I hope you turn out to be right and it sells for a good buck, but I will be GREATLY suprised if any of the large Canadian Banks takes on this headache.
RayDonovan78 wrote: Hey Dean, I actually think a Canadian bank will buy this underperforming Turd and feel it will be in the low to mid $50's. I think its too risky to buy a smaller American bank right now.

DeanEdmonton wrote: So ten years of attempting to turn this around still hasn't worked. Even the new CEO couldn't get it fixed. Between management and the board it is clear they are tired of beating a dead horse.

Most assets are in Quebec, and overall size is small in relation to the amount of work needed on the regualtory side to get the purchase approved. 90% of the branches would be redundant, as are the staff. The existing IT infrastructure would need to be turned off, the online cpacity is rudimentary and not integratable and all legacy accounts and loans would need to be converted to the new owners system. To layoff and close that many locations would draw a ton of negative press and a lot of pressure from politicians.

Far too much work for what you get. On top of which, book value is quite a bit lower than claimed given the integration and wind up costs. Buying the assets and deposits would have a far lower value than an operating entitiy. If I still had any shares in this Bank I would have sold them yesterday shortly after the open.