Laurentian Bank | StockChase
134
Laurentian Bank (LB-T)

Last Price Recorded: $52.3300 on 2018-02-22

ON STOCKCHASE SINCE Feb 2001

banks
134
Laurentian Bank (LB-T)

Last Price Recorded: $52.3300 on 2018-02-22

ON STOCKCHASE SINCE Feb 2001

banks

Laurentian Bank


Signal Opinion Expert
COMMENT
Laurentian Bank(LB-T) 

February 14, 2018

National Bank or Canadian Western Bank or Laurentian? Definitely National. It's growing in asset management and spending on technology, adapting their tech to their data findings. Drawback is it's Canadian-only focus. That said, he prefers larger banks operating in U.S. like TD and Royal.

banks

National Bank or Canadian Western Bank or Laurentian? Definitely National. It's growing in asset management and spending on technology, adapting their tech to their data findings. Drawback is it's Canadian-only focus. That said, he prefers larger banks operating in U.S. like TD and Royal.

banks
Zachary Curry

Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd....

PricePrice
$51.680
Owned Owned
Unknown

DON'T BUY
Laurentian Bank(LB-T) 

February 13, 2018

Likes underdogs, including this one. But can it do better than the giant banks? Something to differientiate it? No. Buy National Bank (NA-T) instead.

banks

Likes underdogs, including this one. But can it do better than the giant banks? Something to differientiate it? No. Buy National Bank (NA-T) instead.

banks
David Baskin

President, Baskin Wealth Manage...

PricePrice
$51.820
Owned Owned
Unknown

COMMENT
Laurentian Bank(LB-T) 

February 6, 2018

Had some trouble with mortgage fraud and that affected the price of the stock. Diversified revenue stream compared to Home Capital. The do a lot of administration. Cheap compared to other Canadian banks but probably will stay cheap. He likes the banking sector for Canada, but he prefers other names for his clients. He wouldn’t recommend this one for his clients.

banks

Had some trouble with mortgage fraud and that affected the price of the stock. Diversified revenue stream compared to Home Capital. The do a lot of administration. Cheap compared to other Canadian banks but probably will stay cheap. He likes the banking sector for Canada, but he prefers other names for his clients. He wouldn’t recommend this one for his clients.

banks
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$52.310
Owned Owned
No

COMMENT
Laurentian Bank(LB-T) 

January 30, 2018

He is looking at this, because it has fallen off. Banking is increasingly being run by technology, and this bank doesn't really have the scale to build the same kind of platforms that the major banks do. They don't have the flexibility that everyone else does. Consumers are moving more and more to online, and long-term this is the biggest issue this bank is facing. Doesn't think they are an acquisition target, because they are the only unionized bank in Canada. They are dealing with a small market and are trying to get into niche businesses. It is a real struggle, so he would be very careful before stepping in. It appears cheap on the surface, but the question is what kind of an investment are they going to have to make in their business to be sustainable for the long haul.

banks

He is looking at this, because it has fallen off. Banking is increasingly being run by technology, and this bank doesn't really have the scale to build the same kind of platforms that the major banks do. They don't have the flexibility that everyone else does. Consumers are moving more and more to online, and long-term this is the biggest issue this bank is facing. Doesn't think they are an acquisition target, because they are the only unionized bank in Canada. They are dealing with a small market and are trying to get into niche businesses. It is a real struggle, so he would be very careful before stepping in. It appears cheap on the surface, but the question is what kind of an investment are they going to have to make in their business to be sustainable for the long haul.

banks
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Weal...

PricePrice
$53.050
Owned Owned
No

DON'T BUY
Laurentian Bank(LB-T) 

January 23, 2018

He doesn't have an overall positive view on Canadian financials, and would prefer US financials. This bank had an issue recently with a fairly large write down. When banks have issues like this, it’s unclear as to how long it is going to take to resolve.

banks

He doesn't have an overall positive view on Canadian financials, and would prefer US financials. This bank had an issue recently with a fairly large write down. When banks have issues like this, it’s unclear as to how long it is going to take to resolve.

banks
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$53.610
Owned Owned
No

HOLD
Laurentian Bank(LB-T) 

January 22, 2018

The lending hiccup with mislabeled mortgages brought it down.  Under $53 it is worth exploring.  Hold on to it if you have it.

banks

The lending hiccup with mislabeled mortgages brought it down.  Under $53 it is worth exploring.  Hold on to it if you have it.

banks
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$53.630
Owned Owned
No

COMMENT
Laurentian Bank(LB-T) 

January 17, 2018

Trades at a deep discount to the larger banks. A regional player with almost all branches and footprint business in Québec. It’s still a regional bank, but has done a marvellous job of closing the gap in terms of its profitability, compared with the others. ROE has come up from about 6%-7% to 12%-13%, while the rest of the banks are in the 14%-17% range. The pullback in the stock was a result of some problems with mortgages. He would think the issue is behind them, and is not really material to their overall solvency or profitability. Strong balance sheet. The stock looks very interesting here.

banks

Trades at a deep discount to the larger banks. A regional player with almost all branches and footprint business in Québec. It’s still a regional bank, but has done a marvellous job of closing the gap in terms of its profitability, compared with the others. ROE has come up from about 6%-7% to 12%-13%, while the rest of the banks are in the 14%-17% range. The pullback in the stock was a result of some problems with mortgages. He would think the issue is behind them, and is not really material to their overall solvency or profitability. Strong balance sheet. The stock looks very interesting here.

banks
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$53.020
Owned Owned
No

COMMENT
Laurentian Bank(LB-T) 

January 9, 2018

Just did an equity issue, which may be the reason the stock is down today. They'll use the money to shore up the balance sheet. There were some underwriting issues a while ago. Feels their growth profile is inferior to the other banks. Would prefer being in the bigger banks, which have a broader geographic exposure with parts of their business in the US.

banks

Just did an equity issue, which may be the reason the stock is down today. They'll use the money to shore up the balance sheet. There were some underwriting issues a while ago. Feels their growth profile is inferior to the other banks. Would prefer being in the bigger banks, which have a broader geographic exposure with parts of their business in the US.

banks
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$55.060
Owned Owned
No

DON'T BUY
Laurentian Bank(LB-T) 

December 13, 2017

Banks is a sector that are performing well, and you don't need to buy one that has a perceived problem. If the market is doing well, you want to participate. If this is underperforming the bank sector, he would not be a buyer.

banks

Banks is a sector that are performing well, and you don't need to buy one that has a perceived problem. If the market is doing well, you want to participate. If this is underperforming the bank sector, he would not be a buyer.

banks
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$56.730
Owned Owned
Unknown

COMMENT
Laurentian Bank(LB-T) 

December 13, 2017

Within the banking group, this has always been in the higher risk/reward, more regional, more restrained area. You are always more exposed to the Canadian consumer and Canadian commercial elements. It’s always been reasonably well managed. Their dividend is extremely well covered. If buying for yield and willing to be patient, this could turn out to be a good investment at these levels.

banks

Within the banking group, this has always been in the higher risk/reward, more regional, more restrained area. You are always more exposed to the Canadian consumer and Canadian commercial elements. It’s always been reasonably well managed. Their dividend is extremely well covered. If buying for yield and willing to be patient, this could turn out to be a good investment at these levels.

banks
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$56.730
Owned Owned
No

DON'T BUY
Laurentian Bank(LB-T) 

December 6, 2017

Announced some problems with mortgages resulting in a knee-jerk selloff. This bank is similar to Canadian Western Bank (CWB-T). They are not large compared to the big Canadian banks, so they are not as diverse and don’t have as many revenue lines. They generally have more volatility. The valuation is not that much different from some of the bigger banks, so unless it was sufficiently cheaper, it would not be his first pick.

banks

Announced some problems with mortgages resulting in a knee-jerk selloff. This bank is similar to Canadian Western Bank (CWB-T). They are not large compared to the big Canadian banks, so they are not as diverse and don’t have as many revenue lines. They generally have more volatility. The valuation is not that much different from some of the bigger banks, so unless it was sufficiently cheaper, it would not be his first pick.

banks
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$55.270
Owned Owned
Unknown

TOP PICK
Laurentian Bank(LB-T) 

July 27, 2017

Good management team that is focused on high return on equity activities and shutting down those that don’t have a good payoff.  They are rationalizing their branch locations.  It is a "Steady Eddie" company with a conservative payout ratio.  50% of their business is in Ontario and now they are expanding south of the border.  (Analysts’ target: $58.00).

banks

Good management team that is focused on high return on equity activities and shutting down those that don’t have a good payoff.  They are rationalizing their branch locations.  It is a "Steady Eddie" company with a conservative payout ratio.  50% of their business is in Ontario and now they are expanding south of the border.  (Analysts’ target: $58.00).

banks
Andrey Omelchak

President & CIO, LionGuard Capital Ma...

PricePrice
$54.150
Owned Owned
Yes

BUY
Laurentian Bank(LB-T) 

February 24, 2017

This bank has done a tremendous job in trying to improve underlying operations with a focus on ROE. A big under performer relative to the other banks in respect to their profitability and ROE generation. Now they have focused on that, so are closing a lot of branches and optimizing operations. They are focusing on issues which are profitable, where they don’t have to compete with other banks and other institutions. It has really reinvented itself. However, it was a great buy closer to BV, and has even dipped below BV. Every time they do this, it is a tremendous buying opportunity. Dividend yield of 4.08%.

banks

This bank has done a tremendous job in trying to improve underlying operations with a focus on ROE. A big under performer relative to the other banks in respect to their profitability and ROE generation. Now they have focused on that, so are closing a lot of branches and optimizing operations. They are focusing on issues which are profitable, where they don’t have to compete with other banks and other institutions. It has really reinvented itself. However, it was a great buy closer to BV, and has even dipped below BV. Every time they do this, it is a tremendous buying opportunity. Dividend yield of 4.08%.

banks
Andrey Omelchak

President & CIO, LionGuard Capital Ma...

PricePrice
$59.740
Owned Owned
Unknown

WEAK BUY
Laurentian Bank(LB-T) 

February 13, 2017

A big franchise in Quebec.  They are cutting their branches by a third.  He has TD-T and RY-T, but LB-T was undervalued along with CWB-T.  He prefers TD and RY because of better access to the US.  (Analysts’ target: $61).

banks

A big franchise in Quebec.  They are cutting their branches by a third.  He has TD-T and RY-T, but LB-T was undervalued along with CWB-T.  He prefers TD and RY because of better access to the US.  (Analysts’ target: $61).

banks
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Ma...

PricePrice
$60.600
Owned Owned
No

COMMENT
Laurentian Bank(LB-T) 

December 8, 2016

Laurentian Bank (LB-T) or National Bank (NA-T)? Both are Québec based banks, and tend to trade at a discount historically to the sector. National is larger and tend to have more of a higher risk asset mix in terms of lending and international ventures, but also has higher growth. Even though it is working very hard outside of Québec, it is primarily a Québec retail bank. The rationale for buying this bank is more on the dividend, and the hope for more improved efficiency.

banks

Laurentian Bank (LB-T) or National Bank (NA-T)? Both are Québec based banks, and tend to trade at a discount historically to the sector. National is larger and tend to have more of a higher risk asset mix in terms of lending and international ventures, but also has higher growth. Even though it is working very hard outside of Québec, it is primarily a Québec retail bank. The rationale for buying this bank is more on the dividend, and the hope for more improved efficiency.

banks
Jim Huang

President, T.I.P. Wealth Manage...

PricePrice
$56.550
Owned Owned
Unknown

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