Laurentian Bank

LB-T

TSE:LB

43.68
0.05 (0.11%)
The Laurentian Bank of Canada is a financial institution founded in 1846 whose activities extend across Canada. The Bank caters to the needs of retail clients via its branch network based in Quebec.
More at Wikipedia

Analysis and Opinions about LB-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
December 4, 2019
(A Top Pick Dec 07/18, Up 20%) LB is in the best-fiscally run province in Canada, and LB's risks are fairly low. The stock has had a good move lately. A definite hold. It's cheaper than the bigger banks based on book value, and pays a fine yield.
Laurentian Bank (LB-T)
December 4, 2019
(A Top Pick Dec 07/18, Up 20%) LB is in the best-fiscally run province in Canada, and LB's risks are fairly low. The stock has had a good move lately. A definite hold. It's cheaper than the bigger banks based on book value, and pays a fine yield.
Ross Healy
Chairman, Strategic Analysis Corp
Price
$45.780
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 18, 2019
(A Top Pick Aug 20/18, Up 1%) Most of the banks have done nothing over the last year. Falling interest rates tends to squeeze bank margins.
Laurentian Bank (LB-T)
September 18, 2019
(A Top Pick Aug 20/18, Up 1%) Most of the banks have done nothing over the last year. Falling interest rates tends to squeeze bank margins.
Ross Healy
Chairman, Strategic Analysis Corp
Price
$45.010
Owned
Yes
DON'T BUY
DON'T BUY
July 15, 2019
They should be doing well with a strong Quebec real estate market, but they are not. There's a ticking time bomb in their mortgage book. They are also unionized, so they pay higher costs. They compete against the big banks, which is tough. Reading between the lines, there's something worrisome with LB.
They should be doing well with a strong Quebec real estate market, but they are not. There's a ticking time bomb in their mortgage book. They are also unionized, so they pay higher costs. They compete against the big banks, which is tough. Reading between the lines, there's something worrisome with LB.
Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$45.110
Owned
No
PAST TOP PICK
PAST TOP PICK
July 11, 2019
(A Top Pick Aug 20/18, Up 1%) Likes it because Quebec is the most fiscally responsible province. Montreal real estate is on a roll. Quebec is turning out as a good place to be. Nice yield. Mortgages have been an issue, plus Americans are down on Canadian banks. Hang on and get well paid to wait.
(A Top Pick Aug 20/18, Up 1%) Likes it because Quebec is the most fiscally responsible province. Montreal real estate is on a roll. Quebec is turning out as a good place to be. Nice yield. Mortgages have been an issue, plus Americans are down on Canadian banks. Hang on and get well paid to wait.
Ross Healy
Chairman, Strategic Analysis Corp
Price
$45.220
Owned
Yes
BUY
BUY
July 9, 2019
Canadian banks are fine, and LB is below its average. A definite buy.
Canadian banks are fine, and LB is below its average. A definite buy.
Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$45.300
Owned
Unknown
WEAK BUY
WEAK BUY
July 4, 2019
It is a smaller bank, a regional player. It is tough in Canada to complete with the top 5. It is the only bank that is unionized. It could be caught in the culture by a bigger player. But the banks in Canada should do well in general.
It is a smaller bank, a regional player. It is tough in Canada to complete with the top 5. It is the only bank that is unionized. It could be caught in the culture by a bigger player. But the banks in Canada should do well in general.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$45.190
Owned
No
COMMENT
COMMENT
July 3, 2019

NA or LB? He prefers NA-T as it is better quality and has a more diverse revenue base. He thinks LB-T is having issues and that will continue for some time to come.

NA or LB? He prefers NA-T as it is better quality and has a more diverse revenue base. He thinks LB-T is having issues and that will continue for some time to come.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$45.290
Owned
_N/A
PAST TOP PICK
PAST TOP PICK
June 6, 2019
(A Top Pick Jul 30/18, Down 1%) LB isn't far from its valuation. Quebec is the strongest province, fiscally. LB struggles because it had mortgage accounting issues, which hasn't faded yet. He sees good potential and still holds it.
(A Top Pick Jul 30/18, Down 1%) LB isn't far from its valuation. Quebec is the strongest province, fiscally. LB struggles because it had mortgage accounting issues, which hasn't faded yet. He sees good potential and still holds it.
Ross Healy
Chairman, Strategic Analysis Corp
Price
$44.020
Owned
Yes
DON'T BUY
DON'T BUY
May 17, 2019
When things turn for a small cap, things can get ugly. LB has trouble growing--head office troubles, mortgage troubles. Buy a big Canadian bank instead. Avoid this.
When things turn for a small cap, things can get ugly. LB has trouble growing--head office troubles, mortgage troubles. Buy a big Canadian bank instead. Avoid this.
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$42.010
Owned
No
DON'T BUY
DON'T BUY
May 8, 2019
A weak regional bank plagued with operational problems. It won't match the dividend growth of the big banks. This has "value trap" written all over it. Buy one of the big 5 instead.
A weak regional bank plagued with operational problems. It won't match the dividend growth of the big banks. This has "value trap" written all over it. Buy one of the big 5 instead.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$42.350
Owned
No
WAIT
WAIT
May 2, 2019
Tempting here. Super nice dividend. Trading extremely cheap at 0.7 time book. But last quarter they largely missed. Contraction of the consumer loan portfolio. ROE at 8% is anemic for a Canadian Bank. Many problems are self inflicted. 60% payout ratio is high for a Canadian Bank (others are at 45%). Riskier name. He wouldn't buy it until earnings start to stabilize.
Tempting here. Super nice dividend. Trading extremely cheap at 0.7 time book. But last quarter they largely missed. Contraction of the consumer loan portfolio. ROE at 8% is anemic for a Canadian Bank. Many problems are self inflicted. 60% payout ratio is high for a Canadian Bank (others are at 45%). Riskier name. He wouldn't buy it until earnings start to stabilize.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$42.440
Owned
No
DON'T BUY
DON'T BUY
April 23, 2019
They've had issues with mortgage lending and loan portfolio in the past few quarters. But others, like RY (that he owns) offer a good 4.5% dividend and offer a lot less risk.
Laurentian Bank (LB-T)
April 23, 2019
They've had issues with mortgage lending and loan portfolio in the past few quarters. But others, like RY (that he owns) offer a good 4.5% dividend and offer a lot less risk.
Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$41.640
Owned
No
DON'T BUY
DON'T BUY
March 26, 2019
The smaller the bank, the more it'll get hurt in a recession. Go big in banks.
Laurentian Bank (LB-T)
March 26, 2019
The smaller the bank, the more it'll get hurt in a recession. Go big in banks.
David Baskin
President, Baskin Wealth Management
Price
$41.510
Owned
Unknown
COMMENT
COMMENT
March 20, 2019
LB vs. NB He prefers NB. LB is a lot smaller. You're comparing a regional bank vs. a full-service bank. NB participates in national markets and exposure to business banking.
Laurentian Bank (LB-T)
March 20, 2019
LB vs. NB He prefers NB. LB is a lot smaller. You're comparing a regional bank vs. a full-service bank. NB participates in national markets and exposure to business banking.
Michael Sprung
President, Sprung Investment Management
Price
$41.400
Owned
Unknown
BUY
BUY
March 7, 2019
The juicy dividend sticks out. He thinks it is safe, but you have to be able to stomach some volatility. Their business lines are concentrated on the Canadian consumer, vs. BNS-T, which is international. The dividend is safe but it could have a 20% correction from here. It is not a screaming buy although the yield is tough to replace.
The juicy dividend sticks out. He thinks it is safe, but you have to be able to stomach some volatility. Their business lines are concentrated on the Canadian consumer, vs. BNS-T, which is international. The dividend is safe but it could have a 20% correction from here. It is not a screaming buy although the yield is tough to replace.
Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$40.360
Owned
Unknown
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