Laurentian Bank of Canada T.LB

$44.95

[BudFox198777777]

Stock is at a 4 year high, good things ahead.

[RayDonovan78]

Yeah but still far below its highs in 2017 when all other banks have more than doubled. It is the mutt of the banks plain and simple......

[thegreattimario]

I got in at around $30 a share so I'm very happy so far.

[RayDonovan78]

I would be taking some of the table. When this MUTT was at $30 CIBC was $74, now its $160 + with a much better divy !!

[RayDonovan78]

You should have sold at $44.95

[DeanEdmonton]

Agree, and I think it is only going to get  worse once the earnings come out on the 3rd. My bet is their consumer dpeosits, loans and mortgages will have shrunk again, despite how robust the housing morket is. They will also be lucky to hold even on commercial loans and deposits. Profit will be by way of released provisions.

[BudFox198777777]

They all grew

[DeanEdmonton]

You need to look at the full report a lot closer. Expenses are up, Personal loans and mortgages are down, wholesale deposits grew and so did Commercial loans. The bank's deposits are 80% retail, and total deposits are opnly 2/3s of what loans are so the balance of the loan book is funded with hot money. The bank's ongoing errosion of its far more profitable retail business continues. That

[RayDonovan78]

Dean, Please give us some good news......You know I need $50 to get out of this underperforming MUTT.....Lol