Edition:
United Kingdom

Laurentian Bank of Canada (LB.TO)

LB.TO on Toronto Stock Exchange

45.08CAD
7:28pm BST
Change (% chg)

$-0.06 (-0.13%)
Prev Close
$45.14
Open
$45.00
Day's High
$45.18
Day's Low
$44.97
Volume
62,955
Avg. Vol
248,002
52-wk High
$48.41
52-wk Low
$36.21

Latest Key Developments (Source: Significant Developments)

Laurentian Bank Securities Acquires Convertible Securities Of Southern Energy Corp
Tuesday, 18 Jun 2019 

June 17 (Reuters) - Laurentian Bank of Canada ::LAURENTIAN BANK SECURITIES ACQUIRES CONVERTIBLE SECURITIES OF SOUTHERN ENERGY CORP..LBS -PURSUANT TO FINANCING, LBS ACQUIRED AS PRINCIPAL $3 MILLION PRINCIPAL AMOUNT OF DEBENTURES AT $1,000/DEBENTURE FOR TOTAL CONSIDERATION OF $3 MILLION.LAURENTIAN BANK SECURITIES-ACQUIRED FROM TREASURY 8% DEBENTURES OF SOUTHERN ENERGY, WHICH ARE CONVERTIBLE INTO SHARES IN CAPITAL OF SOUTHERN.  Full Article

New Collective Agreement Between Laurentian Bank And Its Unionized Employees In Quebec
Monday, 1 Apr 2019 

April 1 (Reuters) - Laurentian Bank of Canada ::NEW COLLECTIVE AGREEMENT BETWEEN LAURENTIAN BANK AND ITS UNIONIZED EMPLOYEES IN QUEBEC.LAURENTIAN BANK SAYS NEW EMPLOYMENT CONTRACT WILL EXPIRE ON DECEMBER 31, 2021.LAURENTIAN BANK - NEW AGREEMENT REPLACES JOB SECURITY WITH PERSONALIZED TRANSITION MEASURES, INCLUDING SEVERANCE PACKAGES.  Full Article

Laurentian Bank Extends Its Final Offer To Union
Friday, 1 Mar 2019 

Laurentian Bank of Canada ::LAURENTIAN BANK EXTENDS ITS FINAL OFFER TO UNION.LAURENTIAN BANK OF CANADA - EXTENDED A FINAL OFFER TO LOCAL COPE 434 UNION.  Full Article

Laurentian Bank Financial Group Q1 Earnings Per Share C$0.88
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Laurentian Bank of Canada ::LAURENTIAN BANK FINANCIAL GROUP REPORTS FIRST QUARTER 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE C$0.98.Q1 EARNINGS PER SHARE C$0.88.Q1 REVENUE C$242.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$259.8 MILLION.Q1 EARNINGS PER SHARE ESTIMATE C$1.29 -- REFINITIV IBES DATA.QUARTER'S PERFORMANCE WAS IMPACTED BY LOWER CAPITAL MARKET REVENUE.MEASURES TO IMPROVE EFFICIENCY LEADING TO A REDUCTION OF HEADCOUNT BY ABOUT 10% OR 350 EMPLOYEES OVER NEXT 12 MONTHS.  Full Article

Michael Mueller To Be Named Chair Of Board of Laurentian Bank
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Laurentian Bank of Canada ::LAURENTIAN BANK ANNOUNCES THE DEPARTURE OF ITS CHAIR OF THE BOARD, ISABELLE COURVILLE, AND THE ARRIVAL OF MICHAEL MUELLER AS WELL AS HIS APPOINTMENT AS VICE CHAIR OF THE BOARD AND DESIGNATED SUCCESSOR.LAURENTIAN BANK OF CANADA - MICHAEL MUELLER APPOINTED CHAIR OF BOARD.  Full Article

Laurentian Bank Financial Group Announces Leadership Reorganization
Thursday, 21 Jun 2018 

June 21 (Reuters) - Laurentian Bank of Canada ::LAURENTIAN BANK FINANCIAL GROUP ANNOUNCES LEADERSHIP REORGANIZATION.  Full Article

Laurentian Bank Financial Group Announces Progress On Mortgage Situation
Tuesday, 29 May 2018 

May 29 (Reuters) - Laurentian Bank of Canada ::LAURENTIAN BANK FINANCIAL GROUP ANNOUNCES PROGRESS ON MORTGAGE SITUATION.LAURENTIAN BANK OF CANADA - SUCCESSFULLY RESOLVED IDENTIFIED ISSUES RELATED TO MORTGAGE LOANS PURCHASED BY THIRD-PARTY PURCHASER.LAURENTIAN BANK OF CANADA - CO HAS AGREED WITH CMHC ON A CLEAR ACTION PLAN TOWARDS RESOLUTION ON CMHC SECURITIZATION PROGRAM.LAURENTIAN BANK OF CANADA - AS PART OF AGREEMENT, CO WILL REPURCHASE ADDITIONAL $115 MILLION OF BRANCH ORIGINATED INELIGIBLE MORTGAGES DURING Q3.LAURENTIAN BANK OF CANADA - BASED ON RESULTS OF CMHC'S NORMAL COURSE AUDIT BANK ESTIMATES MORTGAGE LOANS TO BE REPURCHASED AT BETWEEN $125 MILLION & $150 MILLION.LAURENTIAN BANK OF CANADA - WILL ALSO PROVIDE CMHC WITH A $20 MILLION CASH RESERVE DEPOSIT PENDING CONCLUSION OF REVIEW.LAURENTIAN BANK OF CANADA - IS UNDERTAKING TO COMPLETE A REVIEW OF ALL B2B BANK AND BRANCH-ORIGINATED MORTGAGE LOANS PORTFOLIO INSURED BY CMHC.LAURENTIAN BANK OF CANADA - DURING Q2, CMHC COMPLETED A NORMAL COURSE AUDIT OF BANK'S PORTFOLIO INSURED MORTGAGE LOANS.  Full Article

Laurentian Bank Of Canada says on Dec 5, disclosed issues arising from a review of mortgages that it had sold to a third party purchaser
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Laurentian Bank Of Canada ::Laurentian Bank Of Canada - On Dec 5, co disclosed issues arising from a review of mortgages that it had sold to a third party purchaser.Laurentian Bank Of Canada says does not believe matters related to the mortgages are material to business, capital, operations, funding.Laurentian Bank - the disclosed issues resulted in co repurchasing some mortgages & may result in it being required to repurchase additional mortgages.Laurentian Bank Of Canada says has available liquidity on hand to repurchase affected mortgages.Laurentian Bank Of Canada - affected mortgages are performing "in line" with co's overall residential mortgage portfolio.Laurentian Bank - estimated value of mortgages that may be repurchased from third party buyer is about 1.6 pct of co's total residential mortgage portfolio.  Full Article

Laurentian Bank Financial Group Reports Q4 Adjusted Earnings Per Share C$1.63
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Laurentian Bank Of Canada ::LAURENTIAN BANK FINANCIAL GROUP REPORTS 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE C$1.63.Q4 REVENUE C$268 MILLION VERSUS I/B/E/S VIEW C$258.3 MILLION.Q4 EARNINGS PER SHARE VIEW C$1.55 -- THOMSON REUTERS I/B/E/S.Q4 EARNINGS PER SHARE C$1.42.PROVISION FOR CREDIT LOSSES INCREASED TO $11.5 MILLION FOR Q4 OF 2017 FROM $10.3 MILLION FOR Q4 OF 2016​.IMPAIRMENT AND RESTRUCTURING CHARGES AMOUNTED TO $5.7 MILLION FOR Q4 OF 2017 COMPARED WITH $38.3 MILLION FOR Q4 OF 2016.QTRLY NET INTEREST INCOME INCREASED BY $27.5 MILLION OR 18% TO $176.2 MILLION.  Full Article

CANADA STOCKS-Futures dip as U.S.-North Korea summit ends with no deal

Feb 28 Futures pointed to a lower opening for Canada's main stock index on Thursday as U.S. President Donald Trump walked away from a nuclear deal at a summit with North Korea.