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TSE:LB

Laurentian Bank of Canada (LB) Stock Price, News & Analysis

C$26.64
-0.02 (-0.08%)
(As of 07/15/2024 ET)
Today's Range
C$26.50
C$26.74
50-Day Range
C$24.48
C$27.54
52-Week Range
C$24.45
C$44.14
Volume
243,511 shs
Average Volume
188,887 shs
Market Capitalization
C$1.16 billion
P/E Ratio
7.50
Dividend Yield
7.06%
Price Target
C$28.31

Laurentian Bank of Canada MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.77 Rating Score
Upside/​Downside
6.3% Upside
C$28.31 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.54 out of 5 stars

LB stock logo

About Laurentian Bank of Canada Stock (TSE:LB)

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients. The Commercial Banking segment provides financial services, including commercial banking, real estate financing, and equipment and inventory financing to business clients. The Capital Markets segment offers a range of services, such as research, market analysis, and advisory services; corporate underwriting services for debt and equity; and administrative services. The company was founded in 1846 and is headquartered in Montreal, Canada.

LB Stock Price History

LB Stock News Headlines

Morning briefing: Set your targets for the day
Earnings Season Gold Rush: Your FREE Ticket Inside Discover how to potentially capitalize on Q3 earnings announcements. Free guide reveals strategies honed over 15 years of market trading. Get daily updates to stay ahead: Set targets, spot midday moves, and plan pre-market plays. Learn to read the market's subtle shifts and hidden tells.
Morning briefing: Set your targets for the day
Earnings Season Gold Rush: Your FREE Ticket Inside Discover how to potentially capitalize on Q3 earnings announcements. Free guide reveals strategies honed over 15 years of market trading. Get daily updates to stay ahead: Set targets, spot midday moves, and plan pre-market plays. Learn to read the market's subtle shifts and hidden tells.
RBC Capital Keeps Their Sell Rating on Laurentian Bank (LRCDF)
Stocks Positive on Day, Week
See More Headlines
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Company Calendar

Ex-Dividend for 5/1 Dividend
3/28/2024
Dividend Payable
5/01/2024
Last Earnings
5/31/2024
Ex-Dividend for 8/1 Dividend
7/02/2024
Today
7/16/2024
Dividend Payable
8/01/2024
Next Earnings (Estimated)
8/29/2024

Industry, Sector and Symbol

Industry
Banks - Regional
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
3,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$28.31
High Stock Price Target
C$39.00
Low Stock Price Target
C$25.00
Potential Upside/Downside
+6.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.77
Research Coverage
13 Analysts

Profitability

Net Income
C$154.68 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$960.71 million
Cash Flow
C$162.84 per share
Book Value
C$63.21 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.16 billion
Optionable
Not Optionable
Beta
1.28
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Key Executives

  • Mr. Eric Provost (Age 49)
    President, CEO & Director
    Comp: $1.18M
  • Mr. Yvan Deschamps CPA
    CGA, Executive VP & CFO
  • Mr. Sebastien Belair
    Executive VP & COO
  • Mr. William James Alexander Mason
    Executive VP & Chief Risk Officer
  • Mr. Benoit Bertrand
    Chief Information Officer
  • Andrew Chornenky
    Vice President of Investor Relations
  • Ms. Bindu Cudjoe
    Executive VP, Chief Legal Officer & Corporate Secretary
  • Merick Seguin
    Senior Manager of Media Relations
  • Ms. Macha Pohu
    Chief Human Resources Officer
  • Mr. Adam Swinemar
    Senior Vice President of Digital Banking

LB Stock Analysis - Frequently Asked Questions

How have LB shares performed this year?

Laurentian Bank of Canada's stock was trading at C$27.87 on January 1st, 2024. Since then, LB stock has decreased by 4.4% and is now trading at C$26.64.
View the best growth stocks for 2024 here
.

How were Laurentian Bank of Canada's earnings last quarter?

Laurentian Bank of Canada (TSE:LB) released its earnings results on Friday, May, 31st. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. The firm had revenue of $252.59 million for the quarter, compared to the consensus estimate of $253.47 million. Laurentian Bank of Canada had a trailing twelve-month return on equity of 5.84% and a net margin of 17.33%.

How do I buy shares of Laurentian Bank of Canada?

Shares of LB stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Laurentian Bank of Canada own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Laurentian Bank of Canada investors own include Xtrackers California Municipal Bond ETF (CA), Hawkins (HWKN), BlackRock (BLK), Endologix (ELGX), Intact Financial (IFC), Constellation Software (CSU) and Athabasca Oil (ATH).

This page (TSE:LB) was last updated on 7/16/2024 by MarketBeat.com Staff

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