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TSE:LB

Laurentian Bank (LB.TO)

40.34
-0.06 (0.15%)
as of Aug 24, 2026, 8:00:01 pm Market Open.
248 watching
0
Investor Insights
star iconAug 24, 2026, 12:00 am

This summary was created by AI, based on 4 opinions in the last 12 months.

Laurentian Bank (LB-T) is currently facing significant challenges, as highlighted by multiple experts. The recent transactions are seen as a possible turning point, yet sentiments remain pessimistic. While the bank's latest acquisition may be accretive, skepticism prevails due to its unsuccessful attempts at selling itself and competition from larger banks. With a price-to-earnings ratio of 10.5x, it is deemed to be trading at a discount when compared to its peers, which raises concerns about its attractiveness to potential buyers. Additionally, any future merger or acquisition could lead to mass firings, further complicating its position in the market. Overall, many believe that the bank may eventually be taken over, but this would depend greatly on improved efficiencies under new management.

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Consensus
Negative
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Valuation
Undervalued
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Similar
CIBC, CM
COMMENT
Had gotten ahead of itself so current weakness is partially adjusting valuation. In the world of de-risking, you want to own a Quebec bank mostly or a large Canadian bank that is big and broad, which is safer and has at some in 10 different pots.
HOLD
Market was extremely disappointed in their last quarter. Retail was flat and they had disappointing results in real estate and commercial. Net interest margins suffered. Now selling at a low multiple compared to the other banks. Sees forecasts for higher earnings over the next few years.
COMMENT
Has had a nasty correction. Will benefit when the banks rally, which he thinks will happen.
BUY
Suffered more than other banks. More of a retail stock than an institutional stock. They are not as liquid. He would be a buyer of bank stocks through late June and early July.
WEAK BUY
Likes it. Over next 12-18 months could be up 15% total return. Prefers Canadian Western Bank (CWB-T) if you want to own a regional bank.
HOLD
More of a regional bank. Last quarter outperformed analysts’ expectations but was driven a lot by security gains. Saw expenses creeping up also. Over 3% yield.
TOP PICK
Laurentian Bank of Canada Fixed Floater 3.7% 2-Nov-2020, callable 2015: Fixed until 2015 and then become floating if not called. Never seen a Canadian bank not call a fixed floater in Canada. It’s pretty attractive compared to GICs.
TOP PICK
3.7% bond due 11/02/20 and callable in 2015. (Fixed Floater) If Laurentian bank doesn’t call it, it becomes a floating rate note at overnight rates plus 160 basis points. Highly likely they won’t call it so look at as a piece of paper yielding just over 4%. Laurentian is triple B but yield looks pretty attractive compared to other names in the 5-year space.
DON'T BUY
Good bank and likes the new management. Not a high-growth bank. Nice dividend. Would prefer National Bank (NA-T) or CIBC (CM-T).
COMMENT
How do you hedge out risk on Canadian banks? He tries to eliminate the ups and downs of the financial sector itself. One of his managers will go Long on potential growth but might go Short something like a life insurance company. Likes this bank.
HOLD
Very nice, Quebec-based bank, doing business in other parts of the country. Nice dividend of 3.5%.
BUY
Thinks banks can maintain their spreads in a raising interest rate environment. Much more regional than some of the majors so the market takes that into account and it trades at a discount. Was impressed with management when he met with them. You could see some healthy growth out of them.
COMMENT
Up until 4-5 years ago it was a pretty poorly managed bank but new management have it positioned in the right place. The only issue he has is that it is only growing about 10% a year. Prefers others.
DON'T BUY
Regional bank based largely in Quebec. Has done a great job over the past few years of improving its returns on capital. Being a smaller regional bank, they are more susceptible to very focused economic situations. For a Quebec play he would prefer National Bank (NA-T).
HOLD
Well managed and low risk. Doesn’t stand out compared to other banks. Good bank for the long term but not any big upside right now.
Showing 166 to 180 of 261 entries