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 > Time is on your side for a takeover

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Post by insidersnoop1on Jun 19, 2024 2:55pm

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Post# 36096458

Time is on your side for a takeover

We're at a low point in sentiment for banks, interest rates will declines, the bank net interest margins will lift and profits will expand.
Sit tight and let it play out.
Valuation of LB makes it a bargain and an eventual takeover target.
LB serves 341,000 clients throught 24 branches and would be an expansion for any other Bank.

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