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 > Tier 1 capital only 9.3% at Laurentian = SELL

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Post by insidersnoop1on Jul 29, 2023 11:28am

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Post# 35563143

Tier 1 capital only 9.3% at Laurentian = SELL

Recent change in regulation raises the minimum CET 1 ratio for Canada's major banks from 10.5% to 11%. As KPMG's analysis of the 2022 full year results shows, all the big 6 banks have CET 1 ratios well above the required regulatory minimums with the average being 13.6%, a 0.28% increase year over year. According to latest LB financial reports, Tier 1 capital is only 9.3% at Laurentian. Probably why they are selling....

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