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 > Premium of 30% for buyout ?

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Comment by dogatcaton Aug 03, 2023 1:31pm

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Post# 35571617

RE:Premium of 30% for buyout ?

No one is getting a Canadain bank the size of LB especially in Quebec, for under $50. They won't sell.

You will all be surpised when the bids come out and who ends up winning the LB.

I still think Scotia and TD will show up along with National, RBC and Desjardins. Possible a foreign bank will appear as well.

Scarcity of assets will drive the bidding. Watch and see.

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