Edition:
United Kingdom

Laurentian Bank of Canada (LB.TO)

LB.TO on Toronto Stock Exchange

41.76CAD
18 Apr 2019
Change (% chg)

$-0.04 (-0.10%)
Prev Close
$41.80
Open
$41.80
Day's High
$41.98
Day's Low
$41.75
Volume
123,983
Avg. Vol
355,673
52-wk High
$49.94
52-wk Low
$36.21

Latest Key Developments (Source: Significant Developments)

Laurentian Bank Financial Increases Dividend On Common Shares
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Laurentian Bank of Canada ::LAURENTIAN BANK FINANCIAL GROUP INCREASES THE DIVIDEND ON ITS COMMON SHARES.LAURENTIAN BANK OF CANADA - DECLARED REGULAR QUARTER DIVIDEND OF 65 CENTSPER SHARE ON COMMON SHARES PAYABLE ON FEB 1, 2019.  Full Article

Laurentian Bank Financial Group Reports Q4 2018 Results
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Laurentian Bank of Canada ::LAURENTIAN BANK FINANCIAL GROUP REPORTS 2018 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE C$1.22.Q4 EARNINGS PER SHARE C$1.13.Q4 EARNINGS PER SHARE ESTIMATE C$1.26 -- REFINITIV IBES DATA.2018 TOTAL REVENUE EXCEEDS $1.0 BILLION, UP 5% YEAR-OVER-YEAR.2021 OBJECTIVE OF ADJUSTED DILUTED EARNINGS PER SHARE GROW BY 5% TO 10% ANNUALLY.QTRLY NET INTEREST INCOME $173.2 MILLION VERSUS $176.2 MILLION.  Full Article

Laurentian Bank Of Canada Reports Q1 Adj. EPS Of C$1.49
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Laurentian Bank Of Canada ::LAURENTIAN BANK FINANCIAL GROUP REPORTS FIRST QUARTER 2018 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE C$1.49.Q1 EARNINGS PER SHARE C$1.41.Q1 REVENUE ROSE 10 PERCENT TO C$267 MILLION.NET INTEREST INCOME INCREASED BY $24.9 MILLION OR 16% TO $178.6 MILLION FOR Q1.CMHC COMMUNICATED THAT CO NOT REQUIRED TO PERFORM FULL REVIEW OF MORTGAGES SOLD TO CMHC NOR MAKE MATERIAL REPURCHASES.TPP HAS NOW COMPLETED CONFIRMATORY AUDIT OF REVIEW OF MORTGAGES AND NO FURTHER REPURCHASES ARE REQUIRED.ABOUT $17 MILLION OUT OF $40 MILLION ADDITIONAL INDEMNITY CASH RESERVE, THAT WAS DEPOSITED WITH TPP, WILL BE RELEASED TO CO.SITUATION WITH B2B BANK UNDERWRITTEN MORTGAGES SOLD TO TPP IS NOW RESOLVED..Q1 EARNINGS PER SHARE VIEW C$1.54, REVENUE VIEW C$267.7 MILLION -- THOMSON REUTERS I/B/E/S.BEGAN INTERNAL REVIEW DURING Q1 AFTER DEFINING SCOPE OF AUDIT WITH TPP; INTERNAL REVIEW TO BE COMPLETED TOWARDS END OF Q2.GIVEN UNCERTAINTY RELATED TO RENEWAL OF COLLECTIVE BARGAINING AGREEMENT, REVIEWING PACE OF RETAIL SERVICES TRANSFORMATION.SAYS MICHEL TRUDEAU TO RETIRE EFFECTIVE APRIL FROM ROLE AS PRESIDENT, CEO OF LAURENTIAN BANK SECURITIES.TRUDEAU WILL BE STAYING ON AS VICE-CHAIR OF BOARD OF LAURENTIAN BANK SECURITIES.  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

Laurentian Bank Of Canada reports Q3 adjusted earnings per share of C$1.63
Tuesday, 29 Aug 2017 

Aug 29 (Reuters) - Laurentian Bank Of Canada :Laurentian Bank reports third quarter 2017 results.Q3 adjusted earnings per share C$1.63.Q3 earnings per share C$1.48.Q3 revenue rose 8 percent to C$248 million.Q3 earnings per share view C$1.49 -- Thomson Reuters I/B/E/S.Laurentian Bank Of Canada - net interest income increased by $9.7 million or 7 percent to $157.7 million for Q3 of 2017, from $148.0 million for Q3 of 2016.Laurentian Bank Of Canada - provision for credit losses amounted to $6.4 million for Q3 of 2017 compared with $8.2 million for Q3 of 2016.Laurentian Bank Of Canada - Common Equity Tier 1 ratio at 7.9 percent at quarter end.Laurentian Bank Of Canada - bank's book value per common share appreciated to $50.54 as at July 31, 2017 from $47.92 as at October 31, 2016.Q3 revenue view C$246.8 million -- Thomson Reuters I/B/E/S.  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 increases dividend on its common shares
Tuesday, 30 May 2017 

May 30 (Reuters) - Laurentian Bank Of Canada ::Laurentian Bank increases the dividend on its common shares.Sets regular quarterly dividend of C$0.62per share.  Full Article

Laurentian Bank Q2 adjusted earnings per share C$1.39
Tuesday, 30 May 2017 

May 30 (Reuters) - Laurentian Bank Of Canada ::Laurentian Bank reports second quarter 2017 results.Q2 adjusted earnings per share C$1.39.Q2 earnings per share c$1.19.Q2 revenue rose 5 percent to c$238.8 million.Q2 earnings per share view C$1.37 -- Thomson Reuters I/B/E/S.Laurentian Bank Of Canada says Q2 adjusted return on common shareholders' equity of 11.7% and 9.9% on a reported basis.Laurentian Bank Of Canada says Q2 provision for credit losses amounted to $10.1 million compared with $5.8 million for Q2 of 2016.Laurentian Bank Of Canada says book value per common share appreciated to $49.56 as at April 30, 2017 from $47.92 as at October 31, 2016.  Full Article

Laurentian Bank of Canada says underwriters have agreed to buy 3.9 million subscription receipts
Thursday, 18 May 2017 

May 18 (Reuters) - Laurentian Bank Of Canada :Laurentian Bank of Canada announces C$201 million bought deal offering of subscription receipts and C$25 million concurrent private placement of subscription receipts.Laurentian Bank of Canada - underwriters have agreed to buy 3.9 million subscription receipts at a price of $51.70 per subscription receipt.  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.