Laurentian Bank

LB-T

TSE:LB

43.36
0.12 (0.28%)
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
Chart
BUY WEAKNESS
BUY WEAKNESS
February 19, 2019
If he was going to buy a bank it would be this. He's seeking dividend companies. He bought it in December at $39.56 with a 6.6% dividend. It has a good chance of rising above $50 again. Since then, he has bought more. But he wouldn't buy--or sell--it at today's price, though.
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Laurentian Bank (LB-T)
February 19, 2019
If he was going to buy a bank it would be this. He's seeking dividend companies. He bought it in December at $39.56 with a 6.6% dividend. It has a good chance of rising above $50 again. Since then, he has bought more. But he wouldn't buy--or sell--it at today's price, though.
Benj Gallander
Price
$44.400
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 30, 2019
(A Top Pick Mar 26/18, Down 1%) He bottom-picked this, but LB didn't produce the upside he expected. They've had trouble cutting labour costs. But he's confident they'll resolve this and continue to digitize their branches. Pays a good dividend. You may need to sit on this longer. He reduce his shares, but still owns it.
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Laurentian Bank (LB-T)
January 30, 2019
(A Top Pick Mar 26/18, Down 1%) He bottom-picked this, but LB didn't produce the upside he expected. They've had trouble cutting labour costs. But he's confident they'll resolve this and continue to digitize their branches. Pays a good dividend. You may need to sit on this longer. He reduce his shares, but still owns it.
Jim Huang
Price
$44.300
Owned
Yes
DON'T BUY
DON'T BUY
January 7, 2019
Smaller-tier Canadian bank. Don't fool around, own one of the top-quality banks instead. Declining loan growth, issues with mortgages, which impacted the balance sheet, and it's in the penalty box. Earnings are not growing at the moment. Sell, and buy National or TD or any of the others.
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Laurentian Bank (LB-T)
January 7, 2019
Smaller-tier Canadian bank. Don't fool around, own one of the top-quality banks instead. Declining loan growth, issues with mortgages, which impacted the balance sheet, and it's in the penalty box. Earnings are not growing at the moment. Sell, and buy National or TD or any of the others.
Barry Schwartz
Price
$42.010
Owned
No
DON'T BUY
DON'T BUY
January 3, 2019
It is a much more domestic bank. The yield is higher than CM-T and banks don’t typically cut their yields. The problem is if this company can grow. You are buying this purely for the income. Are there better growth opportunities elsewhere? The yield is good.
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Laurentian Bank (LB-T)
January 3, 2019
It is a much more domestic bank. The yield is higher than CM-T and banks don’t typically cut their yields. The problem is if this company can grow. You are buying this purely for the income. Are there better growth opportunities elsewhere? The yield is good.
Lyle Stein
Price
$38.840
Owned
Unknown
BUY
BUY
January 3, 2019
Really cheap. In the last 20-25 years of history for that he has for this company only a couple of times it's been at this level. And subsequently it did very well. Best yield of the banks. What is not to like about it?
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Laurentian Bank (LB-T)
January 3, 2019
Really cheap. In the last 20-25 years of history for that he has for this company only a couple of times it's been at this level. And subsequently it did very well. Best yield of the banks. What is not to like about it?
Ross Healy
Price
$38.840
Owned
Unknown
DON'T BUY
DON'T BUY
December 10, 2018
It is the only bank in North America with a unionized work force (37% of it). They are trying to come to an agreement so they can have more online services to customers. The other banks that are non-unionized have more flexibility. The valuation is cheap but so is CM-T. You could own LB-T but he prefers the other ones.
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Laurentian Bank (LB-T)
December 10, 2018
It is the only bank in North America with a unionized work force (37% of it). They are trying to come to an agreement so they can have more online services to customers. The other banks that are non-unionized have more flexibility. The valuation is cheap but so is CM-T. You could own LB-T but he prefers the other ones.
Teal Linde
Price
$38.760
Owned
No
STRONG BUY
STRONG BUY
December 7, 2018
He likes this as a Top Pick. It resides in Quebec, the province with the strongest economy and where real estate value is still rising. (Analysts’ price target is $44.22)
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Laurentian Bank (LB-T)
December 7, 2018
He likes this as a Top Pick. It resides in Quebec, the province with the strongest economy and where real estate value is still rising. (Analysts’ price target is $44.22)
Ross Healy
Price
$39.660
Owned
Yes
TOP PICK
TOP PICK
December 7, 2018
A good quality stock in a strong growing province. A good long term hold. Yield 6.5%. (Analysts’ price target is $44.22)
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Laurentian Bank (LB-T)
December 7, 2018
A good quality stock in a strong growing province. A good long term hold. Yield 6.5%. (Analysts’ price target is $44.22)
Ross Healy
Price
$39.660
Owned
Yes
DON'T BUY
DON'T BUY
December 4, 2018
Not fond of it. His worry is the lack of regional diversity. (It's based in Quebec.) They also lack a wealth management business. They stumbled last year when they suffered a scandal over mortgage underwriting that rattled investor confidence.
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Laurentian Bank (LB-T)
December 4, 2018
Not fond of it. His worry is the lack of regional diversity. (It's based in Quebec.) They also lack a wealth management business. They stumbled last year when they suffered a scandal over mortgage underwriting that rattled investor confidence.
Brian Madden
Price
$40.810
Owned
No
DON'T BUY
DON'T BUY
November 28, 2018
He's shorting it. It's too expensive vs. peers. It pays a good yield and has a good payout ratio. But he prefers CIBC and other peers.
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Laurentian Bank (LB-T)
November 28, 2018
He's shorting it. It's too expensive vs. peers. It pays a good yield and has a good payout ratio. But he prefers CIBC and other peers.
Jason Mann
Price
$41.330
Owned
No
HOLD
HOLD
November 28, 2018
They have had disclosure issues on some mortgages and the share price has been under pressure as a result. He prefers the larger premium banks. They have a reasonable yield and multiples.
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Laurentian Bank (LB-T)
November 28, 2018
They have had disclosure issues on some mortgages and the share price has been under pressure as a result. He prefers the larger premium banks. They have a reasonable yield and multiples.
Bryden Teich
Price
$41.330
Owned
No
BUY
BUY
November 26, 2018

National Bank vs. Laurentian Bank Laurentian, because their mortgage debacle has dragged down the stock until it's the cheapest Canadian bank. National isn't trading as much at a discount as its peers, and it has the biggest exposure to Canadian oil, which is a red flag.

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Laurentian Bank (LB-T)
November 26, 2018

National Bank vs. Laurentian Bank Laurentian, because their mortgage debacle has dragged down the stock until it's the cheapest Canadian bank. National isn't trading as much at a discount as its peers, and it has the biggest exposure to Canadian oil, which is a red flag.

John Zechner
Price
$41.560
Owned
No
DON'T BUY
DON'T BUY
November 8, 2018
LB-T vs. BNS-T. Both are safe. He owns BNS-T. It is never a good idea to chase yield. BNS-T is the most international bank in Canada.
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Laurentian Bank (LB-T)
November 8, 2018
LB-T vs. BNS-T. Both are safe. He owns BNS-T. It is never a good idea to chase yield. BNS-T is the most international bank in Canada.
Norman Levine
Price
$42.430
Owned
No
HOLD
HOLD
October 29, 2018

Unlikely a bigger bank will take it over. One reason is that no big bank will take over a bank that has a union, like LB-T. They have had mortgage problems that are now fixed. Their valuation has come off while all banks are down. Hold. Dividend is safe.

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Laurentian Bank (LB-T)
October 29, 2018

Unlikely a bigger bank will take it over. One reason is that no big bank will take over a bank that has a union, like LB-T. They have had mortgage problems that are now fixed. Their valuation has come off while all banks are down. Hold. Dividend is safe.

Bruce Campbell (1)
Price
$41.070
Owned
Unknown
DON'T BUY
DON'T BUY
October 24, 2018

They've had issues with mortgages in the past two years. Pays a generous dividend. Is a smaller Canadian bank. But when he consider banks, he doesn't look at LB, especially now during rising interest rates.

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Laurentian Bank (LB-T)
October 24, 2018

They've had issues with mortgages in the past two years. Pays a generous dividend. Is a smaller Canadian bank. But when he consider banks, he doesn't look at LB, especially now during rising interest rates.

Michael Sprung
Price
$40.770
Owned
No
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