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 > Timing

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Post by carlocarlion Aug 02, 2023 12:41pm

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Post# 35569261

Timing

A disclaimer first: I have no experience in "strategic review" processes and I have no idea how long they normaly take.
That being said, I note that LB's "strategic review" is now over three weeks old. I would think this is long enough to establish whether a serious buyer is out there or whether the bank's management should be given the mandate to go on with the turnaround plan. I other words, I would have expected an announcement by now.
Am I being impatient orf irrealistic? Is someone out there better informed that I am?

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