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Laurentian Bank of Canada (LB.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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31.40-0.08 (-0.25%)
At close: 4:00PM EST
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  • L
    LuckyMillionaire
    Beat expectations. I hope we see green at market opening.
  • S
    Sitting bull
    I knew this bank would eventually catch up to the other Canadian banks' 52 week highs. I wish I would have bought more!
  • D
    Dean
    A lot of talk about banks doing acquisitions. Is LB attractive to the big 4?
  • b
    blue
    here come the scaryscary rash back below $22 doolar ,earning crash from 91 cent to 71 cent, provision lost doubleto 24 million from12 million laurenten bank i sin bigbigtrouble
  • i
    iosif
    I am wondering why LB is sinking today?
  • J
    Jérémie
    Yeap $LB and $CWB did great last ER and will see 10% plus before 10 Days, I would bet on that, in fact I am.
    Bullish
  • A
    Andreas
    Why is this bank lagging so much??
  • j
    j
    nice stock
  • M
    MartyToronto
    I was just thinking about selling this stock for a few % gain a few days ago but decided against it. Now I regret that decision.
  • J
    Je
    What is going on? The mortgage issue was not that significant...
  • E
    Earl
    This Bank will get bought out in the near Future , by one of the Big Canadian Banks , or some Canadian Conglomerate . I say within the next 18 Months . This is the play here .
  • B
    Brad
    @Ian Thanks for your reply Ian! So the hopes of LB redeeming these shares for their $25 par value in June is pretty much out the window then. They can renew the dividend rate at the BoC 5 year rate at the time + 2.55%. So right now the dividend yield is about 6.2% based on the initial dividend rate of 4.35% ($0.269 per quarter) established 5 years ago based on a $25 issue price. Since the price of the shares have gone down, the existing yield has gone up. When they renew the dividend rate in June, will that new rate be against the $25 par value again, or will it be against the existing lower share price? 4.25% of $25 vs. $4.25% of $17.30 makes a big difference! :) The code is LB.PR.H by the way.
  • B
    Brad
    Can anyone explain why the LB.PR Series 13 issue keeps going down? The renewal date is coming up in June 2019. Just looking for some insight in how these particular issues work.
  • A
    Andi V
    I have been re-checking this bank. According to Reuters dividend increase of 5% (just 46% payout, so completely sustainable), EPS increase of close to 19%, sales of 5%. P/E is below 8 (ridiculously cheap). P/tangible B is 0.87, so investors are buying for 87c each dollar of hard assets. Institutional holders have 35% of the company and more are entering... They cleared up the mishap with the mortgages. What is, then, wrong with it as to justify this low price?
  • J
    Jean
    that green is so green. i love it
  • L
    LOADING...
    You guys really expecting this to drop to high $20s to $30s? I think its good time to average in now. Also don't think this is going to go too much lower imo. GLTA
  • b
    brian
    It is a well run bank, it just had a hiccup that's all and that has created the best buying opportunity. Look at it this way, it is just us little guys moving this stock up and down. When it starts to show results in the coming quarters then and only then will the big institutional players be able to enter the game. Buy what you can and wait, look at it in six months, I think you will be pleasantly surprised how well you have done. It may turn out to be your best investment this year.
  • I
    Ian
    Good article- shows how insanely cheap this stock is

    https://seekingalpha.com/article/4228014-laurentian-bank-catch-break
    Laurentian Bank reported Q4-2018 results. A large loss on a syndicated loan caused them to miss estimates. It is now trading at the widest discount to book valu
    Laurentian Bank reported Q4-2018 results. A large loss on a syndicated loan caused them to miss estimates. It is now trading at the widest discount to book valu
    seekingalpha.com
  • A
    Andi V
    Come on, Blue, tell us some more how LB will crash and burn. Today, on low volume it went up but do not let that stop you from shorting.
  • I
    Ian
    LB crossed it’s 200 day moving average on Friday, so it should continue to increase leading up to earnings next week. Provided earnings are decent, we should hopefully see $47-$48 range by end of the month. In terms of a potential takeover, Desjardins is a very real possibility. The Globe had an article a few months ago that even Wells Fargo was exploring Canada. With a price still well below book value it would make sense that there would be some interest