RE:RE:RE:cibc flash research: target C$28I think once the rate cut trend firms up and real estate market stablizes, the big six would have stronger interest in buying LB, maybe sometimes mid next year.
LB is trading at less than half the book now, the stronger Big 6 trade over book value, they can offter nice premium to buy LB and would still be accrective for them.
CIBC, BNS and TD have weaker Quebec exposure so they might have more interest after they fixed their current issues.
Desjardins might want to buy LB as well just so the big 6 won't expand further into Quebec through LB
Not going to happen anytime soon I think, but 7% dividend to wait isn't bad.