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Laurentian Bank of Canada (LB.TO)

LB.TO on Toronto Stock Exchange

56.00CAD
15 Dec 2017
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$-0.49 (-0.87%)
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Latest Key Developments (Source: Significant Developments)

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

Laurentian Bank Of Canada announces offering of subordinated notes
Thursday, 15 Jun 2017 

June 15 (Reuters) - Laurentian Bank Of Canada ::Laurentian Bank Of Canada announces offering of subordinated notes (NVCC).Laurentian Bank Of Canada announces offering of subordinated notes (NVCC).Laurentian Bank Of Canada says announced today an offering of $350 million principal amount of 4.25pct notes due June 22, 2027.Laurentian Bank Of Canada - notes will bear interest at a fixed rate of 4.25pct per annum until June 22, 2022.Laurentian Bank Of Canada - issuance of notes is expected to close on June 22, 2017.  Full Article

Laurentian Bank Of Canada will merge fifty branches over next eighteen months
Wednesday, 28 Sep 2016 

Laurentian Bank Of Canada : Will merge fifty branches over next eighteen months .Says mergers will lead to a reduction of about three hundred positions.  Full Article

Laurentian Bank sets regular quarterly dividend of C$0.60 per share
Wednesday, 31 Aug 2016 

Laurentian Bank Of Canada :Sets regular quarterly dividend of c$0.60per share.  Full Article

Laurentian Bank Q3 adjusted EPS C$1.37
Wednesday, 31 Aug 2016 

Laurentian Bank Of Canada : Laurentian Bank reports third quarter 2016 results . Q3 earnings per share C$1.34 . Q3 revenue rose 1 percent to C$229.1 million . Q3 earnings per share view C$1.40 -- Thomson Reuters I/B/E/S . Common equity tier 1 capital ratio stood at 7.9% as at july 31, 2016, compared with 7.9% as at april 30, 2016 . Q3 revenue view C$229.1 million -- Thomson Reuters I/B/E/S . Qtrly common equity tier 1 capital ratio stood at 7.9% as at July 31, 2016, compared with 7.9% as at April 30, 2016 . Entered into a new outsourcing agreement with IBM Canada to manage infrastructure and storage operations .Net interest income increased by $0.8 million or 1% to $148.0 million for q3 of 2016.  Full Article

CIT to sell its Canadian portfolio to Laurentian Bank Of Canada
Wednesday, 29 Jun 2016 

CIT Group Inc : Cit announces sale of Canadian equipment finance and corporate finance businesses to Laurentian Bank Of Canada .CIT Canada and Laurentian Bank Of Canada will continue to operate separately until closing of transaction.  Full Article

Laurentian Bank buys C$1 bln portfolio from CIT Group
Wednesday, 29 Jun 2016 

Laurentian Bank Of Canada : Laurentian Bank Of Canada acquires the Canadian equipment financing and corporate financing activities of CIT Group Inc . Bank believes acquisition will be modestly accretive to its adjusted earnings per share in 2017 . Acquisition will be financed through a $135 million offering of subscription receipts and existing balance sheet liquidity . Bank believes deal accretive to adjusted earnings per share by approximately 4% in 2018 .Reached agreement to acquire Canadian equipment financing, corporate financing activities of CIT a portfolio of c$1 billion.  Full Article

Laurentian Bank Q2 adjusted earnings per share C$1.46
Wednesday, 1 Jun 2016 

Laurentian Bank Of Canada : Q2 adjusted earnings per share c$1.46 . Q2 revenue rose 3 percent to c$226.8 million . Quarterly common share dividend raised by $0.02 to $0.60 . Laurentian bank of Canada says q2 adjusted return on common shareholders' equity of 12.8% and reported return on common shareholders' equity of 12.5% . Quarterly common share dividend raised by $0.02 to $0.60 . Net interest income increased by $5.7 million or 4% to $143.4 million for q2 of 2016 . Laurentian bank reports its second quarter of 2016 results . Q2 earnings per share c$1.43 .Q2 earnings per share view c$1.37 -- Thomson Reuters I/B/E/S.  Full Article

Temenos Group receives order from Laurentian Bank of Canada
Friday, 20 May 2016 

Temenos Group AG : Laurentian Bank of Canada selects Temenos and Deloitte to transform its core banking technology .Temenos platform to power retail and commercial banking for Laurentian Bank of Canada and its subsidiary, B2B Bank.  Full Article

BRIEF-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

* 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