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
WEAK BUY
WEAK BUY
August 22, 2018

The smallest major bank. Valuation is the cheapest, too, in Canada, at slightly less book value, due to problems in mortgages over the past year. LB has handled that by now. LB has always had great credit quality with customers. It isn't his major bank to own, but could be a part of a portfolio.

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Laurentian Bank (LB-T)
August 22, 2018

The smallest major bank. Valuation is the cheapest, too, in Canada, at slightly less book value, due to problems in mortgages over the past year. LB has handled that by now. LB has always had great credit quality with customers. It isn't his major bank to own, but could be a part of a portfolio.

Michael Sprung
Price
$48.090
Owned
No
TOP PICK
TOP PICK
August 20, 2018

Sells at a nice discount to book, good upside, decent yield. Selling at half the valuation of the other banks though it doesn't perform as well as them. (5.4% dividend yield) (Analysts' price target: $52.40)

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Laurentian Bank (LB-T)
August 20, 2018

Sells at a nice discount to book, good upside, decent yield. Selling at half the valuation of the other banks though it doesn't perform as well as them. (5.4% dividend yield) (Analysts' price target: $52.40)

Ross Healy
Price
$47.620
Owned
Yes
HOLD
HOLD
August 13, 2018

It's dropped from $58 to $47 since last fall. Hold onto it at current levels. Good technical profile and risk-to-reward. Among financials, though, he prefers BMO and Fairfax.

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Laurentian Bank (LB-T)
August 13, 2018

It's dropped from $58 to $47 since last fall. Hold onto it at current levels. Good technical profile and risk-to-reward. Among financials, though, he prefers BMO and Fairfax.

BUY
BUY
August 8, 2018

A Top Pick, actually, with a great technical reversal with solid support near $45. A short term pullback below $47 is possible and he thinks this is a good time to be buyer with $45 as a stop.

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Laurentian Bank (LB-T)
August 8, 2018

A Top Pick, actually, with a great technical reversal with solid support near $45. A short term pullback below $47 is possible and he thinks this is a good time to be buyer with $45 as a stop.

TOP PICK
TOP PICK
July 30, 2018

The stock is trading down at a very low level. There is probably a nice recovery of 20-25% in the stock. (Analysts’ target: $52.40).

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The stock is trading down at a very low level. There is probably a nice recovery of 20-25% in the stock. (Analysts’ target: $52.40).

Ross Healy
Price
$46.480
Owned
Yes
WEAK BUY
WEAK BUY
June 21, 2018

If he looked at any Canadian bank this would be front of the line. The pullback was quite something. It is a good solid bank. If banks take a beating, this one would do so too.

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If he looked at any Canadian bank this would be front of the line. The pullback was quite something. It is a good solid bank. If banks take a beating, this one would do so too.

Benj Gallander
Price
$45.600
Owned
No
DON'T BUY
DON'T BUY
June 15, 2018

Fundamentally, some other banks have acted better. Financials have been acting weakly. It had been in an upward channel for a couple of years, then broke the trend. Between $40 and $46 will bring buyers in, hold it there, don’t add until it’s above $55.

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Fundamentally, some other banks have acted better. Financials have been acting weakly. It had been in an upward channel for a couple of years, then broke the trend. Between $40 and $46 will bring buyers in, hold it there, don’t add until it’s above $55.

DON'T BUY
DON'T BUY
June 6, 2018

This is a tier II bank. It has a choppy technical pattern. When support near $52 broke, it will now act as resistance and a new down trend has emerged. He would avoid it, waiting for some consolidation.

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This is a tier II bank. It has a choppy technical pattern. When support near $52 broke, it will now act as resistance and a new down trend has emerged. He would avoid it, waiting for some consolidation.

Keith Richards
Price
$45.260
Owned
No
WAIT
WAIT
June 5, 2018

RSI measures how quickly a stock has moved. A low (oversold) RSI is not in itself a buy signal. A stock can remain oversold or overbought for a long while. Around $42 is a reasonable price target. LB was hit by questionable mortgages that they had to buy back. Wait until the overhead supply has been digested and a base forms.

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RSI measures how quickly a stock has moved. A low (oversold) RSI is not in itself a buy signal. A stock can remain oversold or overbought for a long while. Around $42 is a reasonable price target. LB was hit by questionable mortgages that they had to buy back. Wait until the overhead supply has been digested and a base forms.

William Chin
Price
$45.090
Owned
Unknown
BUY
BUY
June 4, 2018

The fair market value of this stock is very optimistic. It has fallen back to a support level and is an interesting buy opportunity at present. It has a nice dividend and lots of upside potential.

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The fair market value of this stock is very optimistic. It has fallen back to a support level and is an interesting buy opportunity at present. It has a nice dividend and lots of upside potential.

Ross Healy
Price
$45.260
Owned
Unknown
HOLD
HOLD
May 30, 2018

For the risk adverse investor, the mortgage issues they have recently had requiring reserve requirements and buybacks is making them a little more risky, hence the higher yield. It is trading below book value with a 5.6% yield and he thinks the dividend is safe for a long term investor. Yield 5.6%.

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For the risk adverse investor, the mortgage issues they have recently had requiring reserve requirements and buybacks is making them a little more risky, hence the higher yield. It is trading below book value with a 5.6% yield and he thinks the dividend is safe for a long term investor. Yield 5.6%.

Michael Sprung
Price
$45.380
Owned
No
COMMENT
COMMENT
May 25, 2018

Three months they stumbled on a Home Capital-like issue with their reporting. In one day, the stock fell from $60 to $55 and has drifted down futher because Canadian banks are out of favour. Under $50, this stock looks cheap. If you can wait a few quarters, this should rise 10%, and in a few years maybe return to the $60s.

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Three months they stumbled on a Home Capital-like issue with their reporting. In one day, the stock fell from $60 to $55 and has drifted down futher because Canadian banks are out of favour. Under $50, this stock looks cheap. If you can wait a few quarters, this should rise 10%, and in a few years maybe return to the $60s.

HOLD
HOLD
April 23, 2018

Stay with it if you are going to hold it. You have the safety and a combination of yield and growth. This one has better leverage in it. They had a sizeable correction in the last few months.

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Laurentian Bank (LB-T)
April 23, 2018

Stay with it if you are going to hold it. You have the safety and a combination of yield and growth. This one has better leverage in it. They had a sizeable correction in the last few months.

Rick Stuchberry
Price
$48.720
Owned
Unknown
WEAK BUY
WEAK BUY
April 18, 2018

He does not presently own this now, because he does not think this is cheap. Although off the highs, he still thinks there is more risk in Canadian banks. The dividend is great and this would make it worthwhile. He prefers the US banking sector. Yield 5.25%.

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Laurentian Bank (LB-T)
April 18, 2018

He does not presently own this now, because he does not think this is cheap. Although off the highs, he still thinks there is more risk in Canadian banks. The dividend is great and this would make it worthwhile. He prefers the US banking sector. Yield 5.25%.

Benj Gallander
Price
$47.910
Owned
No
BUY
BUY
March 27, 2018

Compared to National Bank: Laurentian has a much lower valuation at 8x forward earnings, and a discount to book value. Laurentian could be what National was two years ago.

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Laurentian Bank (LB-T)
March 27, 2018

Compared to National Bank: Laurentian has a much lower valuation at 8x forward earnings, and a discount to book value. Laurentian could be what National was two years ago.

John Zechner
Price
$47.520
Owned
Unknown
Showing 61 to 75 of 213 entries