Bullboard - Stock Discussion Forum Laurentian Bank of Canada LAUCF

Primary Symbol: T.LB Alternate Symbol(s): LRCDF | 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... see more

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Laurentian Bank of Canada > Laurentian Bank Securities announces the sale of assets

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Post by jennifer8 on Apr 04, 2024 7:52pm

Laurentian Bank Securities announces the sale of assets

could the sale of asssets mean takeover target? soon

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Comment by Pandora on Apr 04, 2024 8:45pm

The bank said net proceeds of the $2B from the transaction are not expected to be material to the Bank. $2 Billion not material!

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Comment by winnerswing on Apr 05, 2024 1:02am

I was wondering the meaning of a non material transaction: Negligible? Intangible values considerstions?

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Comment by nedstar71 on Apr 05, 2024 8:51am

As I understand it the 2 billion is just the amount in the accounts currently under administration by Laurentian Bank. It's not related to the sale price, which is apparently not material. Ie Laurentian doesn't own the 2 billion in assets in those accounts, clients do.

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Laurentian Bank of Canada