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 > from ContraGuys year end column

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Comment by rad10on Jan 09, 2024 8:58am

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Post# 35817033

RE:from ContraGuys year end column

Agreed. You can get a fairly similar dividend from a higher quality Canadian bank, the big difference is that LB is trading below 50% book value.

Collect dividend and wait for either slow revaluation or take out from a financial or insurance looking to expand QC footprint. The review was initiated by an unsolicited bid.

I don't think you can lose too much at this point.

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