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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

Comment by DeanEdmontonon Dec 06, 2024 9:39am
104 Views
Post# 36348963

RE:RE:Laurentian Website Down Completely

RE:RE:Laurentian Website Down Completelyrad10- you know what I think of LB. Personally, I don't see any change in heck htis gets bought as an operating entitiy. Sale of the loans and depostis only, which attracts zero premium. I was trying to be kind for Christmas. Buying at 22-23 as a trade, sure, long term hold, I don't see it. I have however been wrong before.
rad10 wrote:

DeanEdmonton wrote: So they announce an overall loss for the year, once again the results of the latest round of restructuring. Net interset margin down, efficiency ratio worst of any of hte Banks, return on equity sucks. Even after adjustment, earnings are down. Loans and depositis both shrink over year end last year, net impaired loans have doubled to .88%.

Results are entirely consistent with the poor perfromances of the past many years. You guys holding this long better hope for a buyout like CWB got. Best of luck.


 

a buyout like CWB?  At 1.4 x book?

$80 bucks a share?

Nice idea, but a shade optimistic!




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