Latest news with #LaurentianBank
Business Insider
a day ago
- Business
- Business Insider
RBC Capital Reaffirms Their Sell Rating on Laurentian Bank (LRCDF)
In a report released yesterday, Darko Mihelic from RBC Capital maintained a Sell rating on Laurentian Bank (LRCDF – Research Report), with a price target of C$25.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Mihelic is a 5-star analyst with an average return of 7.2% and a 60.22% success rate. Mihelic covers the Financial sector, focusing on stocks such as Great-West Lifeco, Sagicor Financial, and Bank Of Montreal. In addition to RBC Capital, Laurentian Bank also received a Sell from National Bank's Gabriel Dechaine in a report issued on May 16. However, yesterday, Jefferies maintained a Hold rating on Laurentian Bank (Other OTC: LRCDF). The company has a one-year high of $22.57 and a one-year low of $16.46. Currently, Laurentian Bank has an average volume of 8,937.
Business Insider
a day ago
- Business
- Business Insider
Laurentian Bank (LRCDF) Receives a Hold from Jefferies
Jefferies analyst John Aiken maintained a Hold rating on Laurentian Bank (LRCDF – Research Report) yesterday and set a price target of C$29.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Aiken is a 2-star analyst with an average return of 0.0% and a 51.19% success rate. Aiken covers the Financial sector, focusing on stocks such as Royal Bank Of Canada, Canadian Bank of Commerce, and Great-West Lifeco. In addition to Jefferies, Laurentian Bank also received a Hold from Scotiabank's Meny Grauman in a report issued yesterday. However, on May 20, RBC Capital maintained a Sell rating on Laurentian Bank (Other OTC: LRCDF). The company has a one-year high of $22.57 and a one-year low of $16.46. Currently, Laurentian Bank has an average volume of 8,937.
Business Insider
2 days ago
- Business
- Business Insider
Laurentian Bank (LRCDF) Gets a Hold from Scotiabank
In a report released yesterday, Meny Grauman from Scotiabank maintained a Hold rating on Laurentian Bank (LRCDF – Research Report), with a price target of C$32.00. The company's shares closed yesterday at $22.57. Confident Investing Starts Here: Grauman covers the Financial sector, focusing on stocks such as Sagicor Financial, Bank Of Montreal, and Manulife Financial. According to TipRanks, Grauman has an average return of 11.2% and a 63.58% success rate on recommended stocks. Currently, the analyst consensus on Laurentian Bank is a Moderate Sell with an average price target of $19.83, representing a -12.14% downside. In a report released on May 28, Raymond James also maintained a Hold rating on the stock with a C$27.00 price target. The company has a one-year high of $22.57 and a one-year low of $16.46. Currently, Laurentian Bank has an average volume of 8,937.
CTV News
3 days ago
- Business
- CTV News
Laurentian Bank reports $32 million second quarter profit
A Laurentian Bank sign is seen in Montreal, Friday, Aug. 30, 2024. THE CANADIAN PRESS/Christinne Muschi MONTREAL — Laurentian Bank of Canada says it had a net income of $32.3 million in the second quarter compared with a net loss of $117.5 million in the same quarter last year. The Montreal-based bank says earnings worked out to 69 cents per share for the quarter ending April 30, compared with a lost of $2.71 a share last year. Laurentian says total revenue for the quarter was $242.5 million, down from $252.6 million last year. Chief executive Éric Provost says the bank is satisfied with progress so far as it marks a year into its strategic plan, but that there's still more work to do. The bank says its adjusted net income came to $34 million, or 73 cents per share, down from $40.5 million, or 90 cents per share in the same quarter last year. The bank's provisions for credit loss totalled $16.7 million in the quarter, down from $17.9 million in the same quarter last year. This report by The Canadian Press was first published May 30, 2025.
Globe and Mail
3 days ago
- Business
- Globe and Mail
Laurentian Bank of Canada declares dividend on its common shares
, May 30, 2025 /CNW/ - At its meeting held on May 29, 2025 , the Board of Directors of Laurentian Bank of Canada (TSX: LB) (the " Bank") declared a regular quarterly dividend of 47 cents per share on the common shares, payable on August 1, 2025 , to the holders of record at the close of business on July 1, 2025 . The above-mentioned dividends are designated as eligible dividends for the purposes of the Income Tax Act ( Canada ) and any similar provincial and territorial legislation. The Bank's common shares are eligible shares under the Bank's Shareholder Dividend Reinvestment and Share Purchase Plan (the " Plan"). Consequently, the holders of such shares may elect to reinvest their dividends in newly issued common shares of the Bank. Such purchases will be made at the applicable investment price as defined in the Plan, less a discount of 2%, and no brokerage commissions or service charges of any kind will apply. In addition, holders of such shares are entitled to make monthly optional cash payments to purchase additional common shares in accordance with the terms of the Plan. For more information, please contact Computershare Trust Company of Canada by phone at 1-800-564-6253 or by e-mail at service@ or by mail at 650 De Maisonneuve West 7th floor, Montreal, QC H3A 3T2. Beneficial or non-registered owners of common and preferred shares must contact their financial institution or broker for instructions on how to participate in the Plan. Registered holders who participate in the Plan who wish to terminate their participation so that cash dividends to which they are entitled to be paid on and after August 1, 2025 , are not reinvested in common shares under the Plan, must deliver written notice to Computershare Trust of Canada at the above-mentioned address by no later than July 1, 2025 . Beneficial or non-registered holder who participate in the Plan and who wish to terminate their participation so that cash dividends to which they are entitled to be paid on and after August 1, 2025 , are not reinvested in common shares under the Plan must contact their financial institution or broker for instructions on how to terminate participation in the Plan in advance of July 1, 2025 . About Laurentian Bank of Canada Founded in Montréal in 1846, Laurentian Bank wants to foster prosperity for all customers through specialized commercial banking and low-cost banking services to grow savings for middle-class Canadians. With a workforce of approximately 2,800 employees, the Bank offers a wide range of financial services and advice-based solutions to customers across Canada and the United States . Laurentian Bank manages $49.5 billion in balance sheet assets and $24.2 billion in assets under administration.
