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Laurentian Bank of Canada (LB.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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40.17-0.21 (-0.52%)
At close: 4:00PM EDT
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Previous Close40.38
Open40.58
Bid40.18 x 0
Ask40.20 x 0
Day's Range40.09 - 40.58
52 Week Range25.74 - 41.39
Volume204,099
Avg. Volume269,072
Market Cap1.75B
Beta (5Y Monthly)1.17
PE Ratio (TTM)15.15
EPS (TTM)2.65
Earnings DateJun. 02, 2021
Forward Dividend & Yield1.60 (3.96%)
Ex-Dividend DateMar. 31, 2021
1y Target Est39.70
  • Laurentian Bank announces outlook upgrades by S&P Global Ratings and DBRS Morningstar
    GlobeNewswire

    Laurentian Bank announces outlook upgrades by S&P Global Ratings and DBRS Morningstar

    S&P Global Ratings raises the company’s outlook to stableDBRS Morningstar changes the company’s trend to stable MONTREAL, April 16, 2021 (GLOBE NEWSWIRE) -- Laurentian Bank of Canada (TSX: LB) announces that S&P Global Ratings (“S&P”) revised its long-term rating outlook on the Bank to stable from negative and affirmed the Bank’s “BBB” and “A-2” long and short term issuer credit ratings, and that DBRS Morningstar revised its long-term rating trends on the Bank to stable from negative and affirmed the Bank’s “A (low)” and “R1 (low)” long and short term issuer credit ratings. “We are pleased with S&P’s and DBRS Morningstar’s recognition of the progress we are making at Laurentian Bank,” said Yvan Deschamps, Executive Vice President and Chief Financial Officer. “We remain focused on driving strong performance as we chart our path to renewal and growth.” About Laurentian Bank Financial Group Founded in 1846, Laurentian Bank Financial Group is a diversified financial services provider whose mission is to help its customers improve their financial health. The Laurentian Bank of Canada and its entities are collectively referred to as Laurentian Bank Financial Group (the “Group” or the “Bank”). With more than 2,900 employees guided by the values of proximity, simplicity and honesty, the Group provides a broad range of advice-based solutions and services to its personal, business and institutional customers. With pan-Canadian activities and a presence in the U.S., the Group is an important player in numerous market segments. The Group has $45.2 billion in balance sheet assets and $29.2 billion in assets under administration. Information: Fabrice Tremblayfabrice.tremblay@lbcfg.caOffice: 514 284-4500, ext. 40020Cell: 438 989-6070

  • Laurentian Bank issues a statement in response to recent media articles
    GlobeNewswire

    Laurentian Bank issues a statement in response to recent media articles

    MONTREAL, April 08, 2021 (GLOBE NEWSWIRE) -- In response to recent press articles published about the Bank, Laurentian Bank issued the following statement: "Laurentian Bank is proud of our Quebec roots. They are at the heart of our identity. While simultaneous translation services were provided during our recent Annual General Meeting for all participants and our shareholders – who come from across North America and around the world– we recognize that more can always be done to protect and promote the French language in all venues. As a Quebec financial institution, we have an important role to play in this regard and we fully intend to be a constructive partner as governments consider ways to protect the right of Quebecers to work in French. This has always been part of our values. Even though we are a bank governed by a federal charter, as a Quebec institution we voluntarily comply with the Charter of the French Language by meeting the same requirements of the Charter as mandated for any other Quebec company of the same size. Last October, the Office québécois de la langue française (OQLF) confirmed in a letter sent to the Chair of our francization committee that the status of French language in our company meets the requirements under the Charter of the French Language. We will continue to work in collaboration with the OQLF to inform them of the measures we are already taking in this regard and to identify avenues for improvement in the near future." About Laurentian Bank Financial Group Founded in 1846, Laurentian Bank Financial Group is a diversified financial services provider whose mission is to help its customers improve their financial health. The Laurentian Bank of Canada and its entities are collectively referred to as Laurentian Bank Financial Group (the “Group” or the “Bank”). With more than 2,900 employees guided by the values of proximity, simplicity and honesty, the Group provides a broad range of advice-based solutions and services to its personal, business and institutional customers. With pan-Canadian activities and a presence in the U.S., the Group is an important player in numerous market segments. The Group has $45.2 billion in balance sheet assets and $29.2 billion in assets under administration. Information: Fabrice Tremblayfabrice.tremblay@lbcfg.caOffice: 514 284-4500, ext. 40020Cell: 438 989-6070

  • Laurentian Bank announces the election of its Directors
    GlobeNewswire

    Laurentian Bank announces the election of its Directors

    MONTREAL, April 06, 2021 (GLOBE NEWSWIRE) -- Laurentian Bank of Canada (TSX: LB) announces that the candidates nominated as directors of Laurentian Bank of Canada (the “Bank”), as identified in the Management Proxy Circular dated February 5, 2021, have all been elected. The election took place earlier today, during the Bank's Annual Meeting of Shareholders. The detailed results of the vote are set out below. The 11 candidates nominated by management were elected as directors of the Bank: Candidate Votes ForVotes WithheldSonia Baxendale13,339,239 88.66%1,706,370 11.34%Andrea Bolger14,469,050 96.17%576,559 3.83%Michael T. Boychuk14,306,037 95.08%739,572 4.92%Suzanne Gouin14,880,282 98.90%165,327 1.10%Rania Llewellyn13,336,121 88.64%1,709,488 11.36%David Morris4,462,587 96.12%583,022 3.88%David Mowat13,332,034 88.61%1,713,575 11.39%Michael Mueller13,314,932 88.50%1,730,677 11.50%Michelle R. Savoy13,732,915 91.28%1,312,694 8.72%Susan Wolburgh Jenah13,322,825 88.55%1,722,784 11.45%Nicholas Zelenczuk14,478,670 96.23%566,939 3.77% Voting results on all matters voted on at the Annual Meeting of Shareholders of the Bank will be published shortly on https://lbcfg.ca/, and filed on SEDAR. Mr. Michael Mueller, Chairman of the Board of Directors of the Bank, is pleased to announce the election of Ms. Suzanne Gouin to the Bank’s Board as a newly appointed independent Director. Ms. Gouin is an accomplished director who focuses on business transformation, digital implementation, governance and human capital. She has held senior management positions in the private and public sectors, including acting as President and Chief Executive Officer of TV5 Québec, Canada from 2002 to 2015. Ms. Gouin has received the National Order of Merit of the French Republic and she will contribute to the expertise and depth of the Bank’s Board. Ms. Gouin’s appointment to the Board will result in women making up 54% of its Members. “We are delighted to welcome Ms. Gouin to the Board. We are positive that her extensive experience in governance, strategy, risk and reputation management, transformation and growth of organizations in a wide range of sectors will benefit the Bank,” commented Mr. Mueller. About Laurentian Bank Financial Group Founded in 1846, Laurentian Bank Financial Group is a diversified financial services provider whose mission is to help its customers improve their financial health. The Laurentian Bank of Canada and its entities are collectively referred to as Laurentian Bank Financial Group (the “Group” or the “Bank”). With more than 2,900 employees guided by the values of proximity, simplicity and honesty, the Group provides a broad range of advice-based solutions and services to its personal, business and institutional customers. With pan-Canadian activities and a presence in the U.S., the Group is an important player in numerous market segments. The Group has $45.2 billion in balance sheet assets and $29.2 billion in assets under administration. Information: Fabrice TremblayOffice: 514 284-4500 ext. 40020Cell: 438-989-6070Fabrice.tremblay@lbcfg.ca