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Laurentian Bank of Canada T.LB

Alternate Symbol(s):  LRCDF | LAUCF | T.LB.PR.H

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

Post by Northforce13on May 31, 2024 3:10pm
215 Views
Post# 36066792

I am out

I am out Sold out of my small position at a heavy % loss.  

I will save myself the mental anguish of seeing this in my portfolio and thinking I have some money invested in a company run by a bunch of incompetents.  Not worth the negative karma.  

I hope they get a hostile offer or something happens that would allow everyone still holding to recoup some of their investment.   

Unless such happens, I think continual and gradual destruction could continue to be the norm under this management.  

GLTA
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