Laurentian Bank of Canada LAUCF

Primary Symbol: T.LB Alternate Symbol(s): LRCDF | 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 > ANOTHER SELL RECOMMENDATION YESTERDAY

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Comment by DeanEdmontonon Nov 23, 2024 10:58am

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Post# 36327376

RE:RE:RE:ANOTHER SELL RECOMMENDATION YESTERDAY

Rad10 - you make fun of folks for not buying into the reversion to mean theory, but LB has been trading at less than half book for years and years. It is a perenial laggard and always trades at a discount to the other Banks. The only time it went up was when the rumour got started that they were a buyout target.

You are free to bet your money any way you want, and somewhere down the road you may even turn out to be right, does not make others wrong for steering well clear of this dog of a stock. I have made WAY more money holding RBC the last 15 years than anyone did holding LB.

rad10 wrote:

nedstar71 wrote: Oh no! Another analyst put a sell on this?
Always a good sign when downgrades or reissued low targets have absolutely no effect on share price. Anaysts covering this stock opinions are taken just about as seriously as the pollsters for Kamala Harris.
I think there is a good chance TD takes this one out. Or Scotia.I sold my Scotia this morning and put the equivalent into TD. Who'd a thunk Scotia would rise above TD in share price so quickly? And they now pay effectively the exact same yield.

yep - sell the bank trading at the lowest price to book ratio 0.47 and buy the one trading at the highest. Good recommendation champ. I'm sure it will work out really well.