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 > Poor timing, according to the Globe

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Comment by pierrelebelon Jul 27, 2023 5:18pm

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Post# 35560514

RE:RE:Poor timing, according to the Globe

"... I do no see one of the big Canadian Banks buying Laurentian...."

Power Corp (also based in Montreal) could be the ideal buyer, and with a market cap slightly under $2 billion for LB, would be easy for Power to absorb.

I could see $50/$55 per share in a combination of cash and POW shares.