Last C$47.42 CAD
Change Today +0.21 / 0.44%
Volume 67.1K
LB On Other Exchanges
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As of 4:00 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

laurentian bank of canada (LB) Snapshot

Open
C$47.21
Previous Close
C$47.21
Day High
C$47.54
Day Low
C$47.21
52 Week High
11/21/13 - C$47.96
52 Week Low
06/24/13 - C$42.41
Market Cap
1.4B
Average Volume 10 Days
74.8K
EPS TTM
C$4.97
Shares Outstanding
28.6M
EX-Date
03/28/14
P/E TM
9.5x
Dividend
C$2.04
Dividend Yield
4.26%
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 Presents at National Bank Financial's 12th Annual Canadian Financial Services Conference, Mar-26-2014 02:30 PM

Laurentian Bank of Canada Presents at National Bank Financial's 12th Annual Canadian Financial Services Conference, Mar-26-2014 02:30 PM. Venue: Montreal, Quebec, Canada. Speakers: Réjean Robitaille, Chief Executive Officer, President and Director.

Laurentian Bank of Canada Declares Regular Quarterly Dividend, Payable on May 1, 2014

At its meeting held on March 5, 2014, the Board of Directors of the Laurentian Bank of Canada declared a regular quarterly dividend of 51 cents per share on the common shares payable on May 1, 2014 to the holders on record at the close of business on April 1, 2014. The above-mentioned dividend on the common shares is designated as an eligible dividend for the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.

Laurentian Bank of Canada Announces Unaudited Consolidated Earnings Results for the First Quarter Ended January 31, 2014; Reports Impaired Loans for the First Quarter Ended January 31, 2014; Provides Earnings Guidance for 2014

Laurentian Bank of Canada announced unaudited consolidated earnings results for the first quarter ended January 31, 2014. For the quarter, the company reported adjusted net income of CAD 39.3 million or CAD 1.29 diluted per share for the first quarter of 2014, compared with CAD 39.1 million or CAD 1.30 diluted per share for the same period in 2013. Adjusted return on common shareholders' equity was 11.7% for the first quarter of 2014, compared with 12.5% for the same period in 2013. When including adjusting items, net income totaled CAD 35.5 million or CAD 1.16 diluted per share for the first quarter ended January 31, 2014, compared with CAD 32.8 million or CAD 1.07 diluted per share for the first quarter of 2013. Return on common shareholders' equity was 10.5% for the first quarter of 2014, compared with 10.3% for the same period in 2013. Book value per share was CAD 44.03 against CAD 41.45 a year ago. Net interest income was CAD 140,856,000 against CAD 142,344,000 a year ago. Income before income taxes was CAD 45,340,000 against CAD 41,765,000 a year ago. Net income available to common shareholders was CAD 33,024,000 against CAD 30,255,000 a year ago. Net interest income decreased by CAD 1.5 million essentially reflecting a reduced level of investment loans and lower residential mortgage loan prepayment penalties, partly offset by improved margins. Adjusted diluted earnings per share and adjusted ROE reached CAD 1.29 and 11.7%, respectively, compared with CAD 1.30 and 12.5% in the first quarter of 2013. Total revenue increased by CAD 2.2 million or 1% to CAD 216.1 million in the first quarter of 2014, compared with CAD 213.9 million in the first quarter of 2013, as the 5% growth in other income year-over-year was partly offset by slightly lower net interest income. Net impaired loans, calculated as gross impaired loans less individual allowances and collective allowances against impaired loans, amounted to CAD 64.3 million as at January 31, 2014, compared with CAD 53.1 million as at October 31, 2013. For the year 2014, the company expects adjusted return on common shareholders' equity of 10.5% to 12.5% and adjusted net income of CAD 145.0 to CAD 165.0 million.

 

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LB Competitors

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Company Last Change
Bank of Montreal C$76.22 CAD +0.14
Canadian Imperial Bank of Commerce/Canada C$96.41 CAD +0.75
Capital One Financial Corp $74.89 USD -0.27
National Bank of Canada C$45.58 CAD +0.34
Bank of Nova Scotia C$65.50 CAD +0.35
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Industry Analysis

LB

Industry Average

Valuation LB Industry Range
Price/Earnings 11.8x
Price/Sales 1.7x
Price/Book 1.1x
Price/Cash Flow 10.8x
TEV/Sales NM Not Meaningful
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