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Laurentian Bank of Canada (LB.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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31.41-0.28 (-0.88%)
At close: 4:00PM EST
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Chart Events
Neutralpattern detected
Previous Close31.69
Open31.48
Bid31.41 x 0
Ask31.56 x 0
Day's Range31.21 - 31.56
52 Week Range25.74 - 44.23
Volume90,273
Avg. Volume241,487
Market Cap1.358B
Beta (5Y Monthly)1.10
PE Ratio (TTM)13.26
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.60 (5.09%)
Ex-Dividend DateDec 31, 2020
1y Target EstN/A
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News
Press Releases
  • Laurentian Bank of Canada Announces CFO Succession Process
    GlobeNewswire

    Laurentian Bank of Canada Announces CFO Succession Process

    Yvan Deschamps to assume Chief Financial Officer role as François Laurin announces planned retirement from Laurentian BankMONTREAL, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Laurentian Bank is pleased to announce that Yvan Deschamps has been appointed to the position of Executive Vice President and Chief Financial Officer of the organization, effective April 6, 2021. Mr. Deschamps succeeds François Laurin, who informed the Bank of his desire to retire at the next Annual General Meeting. Mr. Laurin will continue to work closely with Mr. Deschamps to ensure his smooth transition into the role.“I would like to thank François Laurin for his leadership and committed service to Laurentian Bank. Earlier in 2020, François indicated to the Board of Directors and the executive team his desire to retire and agreed to extend his tenure until this year to ensure a smooth succession process and to support my onboarding as new CEO. His leadership has ensured the Bank’s strong capital and liquidity positions and his mentorship has provided our organization with an excellent internal candidate for our new CFO,” said Rania Llewellyn, President & CEO.“It has been a privilege to help lead Laurentian Bank over the last five years and I am confident that Yvan will be highly successful in his new role,” said Mr. Laurin. “I would also like to thank my colleagues and all the Bank’s customers and partners for making this such a rewarding experience.”Yvan Deschamps has more than 25 years of leadership experience in finance and corporate development. He joined the Bank as Vice President, Corporate Development in 2016 and has served as Senior Vice President, Finance, Accounting & Corporate Development since 2017. Before joining Laurentian, Mr. Deschamps served in progressively senior roles at Real Ventures, CAE Inc., Caisse de dépôt et placement du Québec, and Bell Canada. He holds the CPA, CGA designation and is a graduate of the University of Sherbrooke, where he obtained a B.B.A. and an M.Sc. in Finance.“Yvan has demonstrated great enthusiasm and depth of financial expertise, which will serve him well in this new role. I look forward to welcoming him to the Executive Committee as we work to reset our priorities, refocus our efforts and renew the passion and pride of our employees. Together we will build One Bank to provide long-term sustainable value to our customers, our communities and our shareholders," said Ms. Llewellyn.About Laurentian Bank Financial GroupFounded in 1846, Laurentian Bank Financial Group is a diversified financial services provider whose mission is to help its customers improve their financial health. The Laurentian Bank of Canada and its entities are collectively referred to as Laurentian Bank Financial Group (the “Group” or the “Bank”).With more than 2,900 employees guided by the values of proximity, simplicity and honesty, the Group provides a broad range of advice-based solutions and services to its personal, business and institutional customers. With pan-Canadian activities and a presence in the U.S., the Group is an important player in numerous market segments.The Group has $44.2 billion in balance sheet assets and $27.8 billion in assets under administration.Information:Fabrice Tremblay fabrice.tremblay@lbcfg.ca Office: 514 284-4500, ext. 40020 Cell: 438 989-6070

  • Rania Llewellyn, President and CEO of Laurentian Bank Financial Group to speak at the RBC Capital Markets Canadian Bank CEO Conference
    GlobeNewswire

    Rania Llewellyn, President and CEO of Laurentian Bank Financial Group to speak at the RBC Capital Markets Canadian Bank CEO Conference

    MONTREAL, Dec. 29, 2020 (GLOBE NEWSWIRE) -- Rania Llewellyn, President and Chief Executive Officer of Laurentian Bank Financial Group, will speak at the RBC Capital Markets Canadian Bank CEO Conference on January 11, 2021 at 2:30 p.m. (ET). This event will be broadcast live via webcast at https://lbcfg.ca, in the Investor Centre section, under Presentations and Events. An archived version of the webcast will be available at the same location.About Laurentian Bank Financial GroupFounded in 1846, Laurentian Bank Financial Group is a diversified financial services provider whose mission is to help its customers improve their financial health. The Laurentian Bank of Canada and its entities are collectively referred to as Laurentian Bank Financial Group (the “Group” or the “Bank”).With more than 2,900 employees guided by the values of proximity, simplicity and honesty, the Group provides a broad range of advice-based solutions and services to its personal, business and institutional customers. With pan-Canadian activities and a presence in the U.S., the Group is an important player in numerous market segments.The Group has $44.2 billion in balance sheet assets and $27.8 billion in assets under administration.Information :Fabrice Tremblay Office: 514 284-4500, extension 40020 Mobile: 438 989-6070 fabrice.tremblay@lbcfg.ca

  • Representation of unionized employees of Laurentian Bank
    GlobeNewswire

    Representation of unionized employees of Laurentian Bank

    MONTREAL, Dec. 24, 2020 (GLOBE NEWSWIRE) -- The Laurentian Bank (TSX:LB) has been informed by the Canada Industrial Relations Board (CIRB) that it has received an application from a group of employees to revoke the COPE - Local 434 accreditation covering all unionized employees of the Laurentian Bank. These employees work mainly in the branches in the province of Quebec, as well as some in the Corporate Offices in Montreal.  According to applicable legislation, a CIRB Officer has been designated to supervise the next steps of this motion. ​Caution regarding forward-looking statementsWe may, from time to time, make written or oral forward-looking statements within the meaning of applicable securities legislation, including in this document and the documents incorporated by reference herein, and in other documents filed with Canadian regulatory authorities or in other written or oral communications. Forward-looking statements include, but are not limited to, statements regarding our business plans and strategies, priorities and financial objectives, the regulatory environment in which we operate, the anticipated impact of the coronavirus ("COVID-19") pandemic on the Bank’s operations, earnings results and financial performance and statements under the headings “Outlook”, “COVID-19 Pandemic” and “Risk Appetite and Risk Management Framework” contained in our 2020 Annual Report for the year ended October 31, 2020 (the "2020 Annual Report"), including the Management’s Discussion and Analysis for the fiscal year ended October 31, 2020 and other statements that are not historical facts. Forward-looking statements typically are identified with words or phrases such as "believe", “assume”, "estimate", "forecast", “outlook”, "project", “vision”, "expect", “foresee”, "anticipate", "plan", "goal", “aim”, "target", "may", "should", "could", "would", "will", "intend" or the negative of these terms, variations thereof or similar terminology.By their very nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties, both general and specific in nature. Material economic assumptions underlying the forward-looking statements contained in this document are set out in the 2020 Annual Report under the heading “Outlook”. There is significant risk that the predictions, forecasts, projections or conclusions will prove to be inaccurate, that our assumptions may not be correct, and that actual results may differ materially from such predictions, forecasts, projections or conclusions.We caution readers against placing undue reliance on forward-looking statements, as a number of factors, many of which are beyond our control and the effects of which can be difficult to predict, could influence, individually or collectively, the accuracy of the forward-looking statements and cause actual future results to differ significantly from the targets, expectations, estimates or intentions expressed in the forward-looking statements. These factors include, but are not limited to risks relating to: the impacts of the COVID-19 pandemic on the Bank, our business, financial condition and prospects; technology, information systems and cybersecurity; technological disruption, competition and our ability to execute on our strategic objectives; the economic climate in the U.S. and Canada; accounting policies, estimates and developments; legal and regulatory compliance; fraud and criminal activity; human capital; insurance; business continuity; business infrastructure; environmental and social risk and climate change; and our ability to manage operational, regulatory, legal, strategic, reputational and model risks, all of which are described in more detail in the section titled “Risk Appetite and Risk Management Framework” beginning on page 43 of the 2020 Annual Report, including the Management’s Discussion and Analysis for the fiscal year ended October 31, 2020. We further caution that the foregoing list of factors is not exhaustive. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial may also have a material adverse effect on our financial position, financial performance, cash flows, business or reputation. Any forward-looking statements contained in this document represent the views of management only as at the date hereof, are presented for the purposes of assisting investors and others in understanding certain key elements of the Bank’s current objectives, strategic priorities, expectations and plans, and in obtaining a better understanding of the Bank’s business and anticipated operating environment and may not be appropriate for other purposes. We do not undertake to update any forward-looking statements, whether oral or written, made by us or on our behalf whether as a result of new information, future events or otherwise, except to the extent required by securities regulations. Additional information relating to the Bank can be located on the SEDAR website at www.sedar.com.About Laurentian Bank Financial GroupFounded in 1846, Laurentian Bank Financial Group is a diversified financial services provider whose mission is to help its customers improve their financial health. The Laurentian Bank of Canada and its entities are collectively referred to as Laurentian Bank Financial Group (the “Group” or the “Bank”).With more than 2,900 employees guided by the values of proximity, simplicity and honesty, the Group provides a broad range of advice-based solutions and services to its personal, business and institutional customers. With pan-Canadian activities and a presence in the U.S., the Group is an important player in numerous market segments.The Group has $44.2 billion in balance sheet assets and $27.8 billion in assets under administration.Information:Fabrice Tremblay fabrice.tremblay@lbcfg.ca Office: 514 284-4500, ext. 40020 Cell: 438 989-6070