Laurentian Bank

LB-T

TSE:LB

44.58
0.00 (0.00%)
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
COMMENT
COMMENT
December 23, 2019
Canadian Banks He owns Laurentian bank and is holding it for the dividends. In a recession, he expects the Canadian banking sector will get killed. He would likely move to holding the preferreds as he expects a recession by 2021 as it will be safer. You might do better looking into European banks that could create better capital appreciation and dividends. Taking some money off the table, early in the New Year, would make sense. He would be cautious about shorting any Canadian banks as you have to cover the dividends.
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Laurentian Bank (LB-T)
December 23, 2019
Canadian Banks He owns Laurentian bank and is holding it for the dividends. In a recession, he expects the Canadian banking sector will get killed. He would likely move to holding the preferreds as he expects a recession by 2021 as it will be safer. You might do better looking into European banks that could create better capital appreciation and dividends. Taking some money off the table, early in the New Year, would make sense. He would be cautious about shorting any Canadian banks as you have to cover the dividends.
PAST TOP PICK
PAST TOP PICK
December 17, 2019
(A Top Pick Jul 27/17, Down 6%) They're transitioning as they invest a lot in tech to optimize the bank. The dividend is safe. But it'll take several quarters before seeing the benefits of optimizing. The toughest part is behind them (closing branches), so expect a better share price ahead.
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Laurentian Bank (LB-T)
December 17, 2019
(A Top Pick Jul 27/17, Down 6%) They're transitioning as they invest a lot in tech to optimize the bank. The dividend is safe. But it'll take several quarters before seeing the benefits of optimizing. The toughest part is behind them (closing branches), so expect a better share price ahead.
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.
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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.
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.
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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.
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.
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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.
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.
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(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.
BUY
BUY
July 9, 2019
Canadian banks are fine, and LB is below its average. A definite buy.
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Canadian banks are fine, and LB is below its average. A definite buy.
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.
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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.
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.

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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.

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.
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(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.
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.
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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.
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.
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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.
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.
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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.
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.
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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.
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.
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Laurentian Bank (LB-T)
March 26, 2019
The smaller the bank, the more it'll get hurt in a recession. Go big in banks.
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