Upside potential is better than all the big banks, due in part to valuation, size and growth opportunities in a recovery.
But we would see the risk as also significantly higher.
A smaller bank simply has less ability to withstand losses, and has few revenue drivers and funding options.
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Are transitioning under a new CEO. Very interesting now. Cheap valuation at nearly half times book value. Pays over a 5% dividend yield. Give it a chance. Has been constrained by its geographic footprint, but the CEO is giving it new life.
Laurentian Bank is a Canadian stock, trading under the symbol LB-T on the Toronto Stock Exchange (LB-CT). It is usually referred to as TSX:LB or LB-T
In the last year, 8 stock analysts published opinions about LB-T. 5 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Laurentian Bank.
Laurentian Bank was recommended as a Top Pick by on . Read the latest stock experts ratings for Laurentian Bank.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
8 stock analysts on Stockchase covered Laurentian Bank In the last year. It is a trending stock that is worth watching.
On 2023-03-31, Laurentian Bank (LB-T) stock closed at a price of $31.81.
Pretty competent new management. Hold, and give them a chance. Implementing 3-year plan to turn fortunes around. Real opportunity. Regionally bound in the past. Tiny by Canadian standards, at $1.5B market cap. Yield over 5.5%.