Last C$49.77 CAD
Change Today -0.14 / -0.28%
Volume 242.8K
LB On Other Exchanges
Symbol
Exchange
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OTC US
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As of 4:19 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

laurentian bank of canada (LB) Snapshot

Open
C$50.00
Previous Close
C$49.91
Day High
C$50.08
Day Low
C$49.33
52 Week High
07/29/14 - C$51.92
52 Week Low
10/8/13 - C$44.25
Market Cap
1.4B
Average Volume 10 Days
91.8K
EPS TTM
C$4.84
Shares Outstanding
28.7M
EX-Date
09/29/14
P/E TM
10.3x
Dividend
C$2.08
Dividend Yield
4.10%
Current Stock Chart for LAURENTIAN BANK OF CANADA (LB)

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laurentian bank of canada (LB) Details

Laurentian Bank of Canada, together with its subsidiaries, provides various banking products and services to individuals, small and medium-sized enterprises, and independent advisors in Canada. Its Retail and SME-Québec segment offers transactional products, mortgage solutions, loans, and lines of credit; and investment products, including guaranteed investment certificates, term deposits, mutual funds, etc. through branches, electronic networks, a call centre, and mobile sales force. This segment also provides Visa credit card services, debit cards, credit insurance products, and trust services, as well as various commercial financial services to small and medium-sized enterprises. The company’s Real Estate and Commercial segment provides financing for commercial real estate properties; and commercial banking services to businesses. This segment offers short-and long-term financing solutions, investment products, transactional services, VISA credit cards, electronic services, foreign exchange transactions, and international transaction settlement. Its B2B Bank segment offers banking and financial products, including investment loans, residential mortgage loans, high-interest accounts, GICs, and investment accounts and services through network of financial advisors and brokers. The company’s Laurentian Bank Securities and Capital Markets segment is engaged in the research and trading of government and corporate securities, as well as securities issued by small-cap companies for portfolio managers; and financing of governments, corporations, and small-cap companies. This segment also provides retail brokerage services, such as advisory, trading and research, and immigrant-investor programs; and business services, including back-office administrative services. As of October 31, 2013, Laurentian Bank of Canada operated approximately 153 branches and 422 automated banking machines. The company was founded in 1846 and is headquartered in Montréal, Canada.

3,987 Employees
Last Reported Date: 12/11/13
Founded in 1846

laurentian bank of canada (LB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$609.9K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$337.5K
Executive Vice President, Chief Executive Off...
Total Annual Compensation: C$336.6K
Executive Vice President of Capital Markets, ...
Total Annual Compensation: C$261.0K
Executive Vice-President of Business Services
Total Annual Compensation: C$294.8K
Compensation as of Fiscal Year 2013.

laurentian bank of canada (LB) Key Developments

Laurentian Bank of Canada Declares Dividend for the Fourth Quarter of Fiscal 2014, Payable on November 1, 2014

At its meeting on August 28, 2014, the Board of Directors of Laurentian Bank of Canada declared a dividend of CAD 0.52 per common share, payable on November 1, 2014, to shareholders of record on October 1, 2014. These dividends will be recorded in the fourth quarter of 2014.

Laurentian Bank of Canada Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 31, 2014; Provides Earnings Guidance for the Year 2014

Laurentian Bank of Canada reported unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2014. For the quarter, the company reported total revenue of CAD 219,645,000 compared to CAD 221,042,000 a year ago. Income before income taxes was CAD 51,661,000 against CAD 34,197,000 for the same period in the last year. Net income was CAD 40,097,000 compared with CAD 26,984,000 for the same period of 2013. Net income available to common shareholders was CAD 36,509,000 or CAD 1.27 per basic and diluted share compared to CAD 24,464,000 or CAD 0.86 per basic and diluted share a year ago. Adjusted net income was CAD 42,355,000 or CAD 1.35 per diluted share compared to CAD 38,547,000 or CAD 1.27 per share a year ago. Adjusted return on common shareholders’ equity was 11.9% compared to 12.0% a year ago. Return on common common shareholders’ equity was 11.2% compared to 8.1% a year ago. Net interest income decreased by CAD 3.3 million or 2% to CAD 141.2 million for the third quarter of 2014, from CAD 144.5 million in the third quarter of 2013, mainly due to the revenue impact of a lower level of high-margin personal loans and lower prepayment penalties on residential mortgage loans. The improvement in income was driven by 29% increase in income from sales of mutual funds and a 15% increase in income from brokerage operations, which was largely fueled by improving -- improved underwriting activity in small-cap securities. For the nine months, the company reported total revenue of CAD 652,644,000 compared to CAD 649,806,000 a year ago. Income before income taxes was CAD 137,989,000 against CAD 118,958,000 for the same period in the last year. Net income was CAD 106,611,000 compared with CAD 93,611,000 for the same period in the last year. Net income available to common shareholders was CAD 98,021,000 or CAD 3.42 per diluted share compared to CAD 84,499,000 or CAD 2.99 per basic and diluted share a year ago. Adjusted net income was CAD 120,991,000 or CAD 3.92 per diluted share compared to CAD 116,910,000 or CAD 3.81 per share a year ago. Adjusted return on common shareholders’ equity was 11.8% compared to 12.2% a year ago. Book value per share at June 30, 2014 was CAD 45.10 compared to CAD 42.60 as at June 30, 2013. Return on common common shareholders’ equity was 10.3% compared to 9.6% a year ago. Net interest income decreased by CAD 6.5 million to CAD 420.8 million for the nine months ended July 31, 2014, from CAD 427.3 million in the nine months ended July 31, 2013, mainly reflecting a reduced level of investment loans and lower prepayment penalties on residential mortgage loans. For the year 2014, the company expects adjusted return on common shareholders' equity to be 10.5% to 12.5% and adjusted net income to be CAD 145.0 million to CAD 165.0 million.

Laurentian Bank of Canada Declares Dividends on Preferred Shares Payable on September 15, 2014

The Board of Directors of the Laurentian Bank of Canada declared a dividend of $0.25 on the preferred shares Series 11, payable on September 15, 2014 to shareholders of record at the close of business on September 8, 2014 and a dividend of $0.26875 on the preferred shares Series 13, payable on September 15, 2014 to shareholders of record at the close of business on September 8, 2014.

 

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LB Competitors

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Company Last Change
Bank of Montreal C$83.66 CAD +0.75
Canadian Imperial Bank of Commerce/Canada C$103.91 CAD +0.68
Capital One Financial Corp $82.06 USD +0.47
National Bank of Canada C$52.31 CAD +0.32
Bank of Nova Scotia/The C$72.04 CAD +0.38
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Industry Analysis

LB

Industry Average

Valuation LB Industry Range
Price/Earnings 11.3x
Price/Sales 1.7x
Price/Book 1.1x
Price/Cash Flow 10.5x
TEV/Sales NM Not Meaningful
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