Last C$49.01 CAD
Change Today -0.21 / -0.43%
Volume 239.3K
As of 4:36 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

laurentian bank of canada (LB) Snapshot

Open
C$49.09
Previous Close
C$49.22
Day High
C$49.35
Day Low
C$48.88
52 Week High
07/29/14 - C$51.92
52 Week Low
03/14/14 - C$45.28
Market Cap
1.4B
Average Volume 10 Days
120.2K
EPS TTM
C$4.91
Shares Outstanding
28.9M
EX-Date
03/30/15
P/E TM
10.0x
Dividend
C$2.16
Dividend Yield
4.26%
Current Stock Chart for LAURENTIAN BANK OF CANADA (LB)

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laurentian bank of canada (LB) Details

Laurentian Bank of Canada and its subsidiaries provide banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada. Its retail products and services includes transactional products, mortgage solutions, loans, lines of credit, VISA credit cards, debit cards, and credit insurance, as well as investment products, such as guaranteed investment certificates, term deposits, mutual funds, etc. The company also provides financing for commercial real estate properties and commercial banking services to businesses; and short and long-term financing solutions, electronic services, foreign exchange transactions, and international transaction settlement services. In addition, it offers banking products to retail clients, consisting of investment loans, residential mortgage loans, high-interest accounts, guaranteed investment certificates, and investment accounts and services via a network of 27,000 financial advisors and brokers. Further, the company is involved in the research and trading of government and corporate securities, as well as securities issued by small-cap companies for portfolio managers; and financing of governments and corporations, and small-cap companies. Additionally, it provides advisory, trading, and research, as well as immigrant-investor program services; and back-office administrative services. As of October 31, 2014, it operated a network of 152 branches and 418 automated banking machines. Laurentian Bank of Canada was founded in 1846 and is headquartered in Montréal, Canada.

3,667 Employees
Last Reported Date: 12/10/14
Founded in 1846

laurentian bank of canada (LB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$598.4K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$333.9K
Chief Operating Officer
Total Annual Compensation: C$336.4K
Executive Vice President of Capital Markets, ...
Total Annual Compensation: C$263.5K
Executive Vice-President of Business Services
Total Annual Compensation: C$301.2K
Compensation as of Fiscal Year 2014.

laurentian bank of canada (LB) Key Developments

Laurentian Bank Announces Executive Changes

Laurentian Bank announced the appointment of François Desjardins as Chief Operating Officer. The Board also announced its intention to name Mr. Desjardins President and Chief Executive Officer of the Bank effective November 1, 2015. Most recently, François was named at the head of the Bank's Retail Services sector. In his role as Chief Operating Officer, Mr. Desjardins will continue to lead B2B Bank and Retail Services.

Laurentian Bank of Canada Declares Quarterly Dividend on Common Shares Payable on May 1, 2015

At its meeting held on February 26, 2015, the Board of Directors of Laurentian Bank of Canada declared a regular quarterly dividend of 54 cents per share on the common shares payable on May 1, 2015 to the holders on record at the close of business on April 1, 2015.

Laurentian Bank of Canada Announces Unaudited Consolidated Earnings Results for the First Quarter Ended January 31, 2015; Reports Loan Impairment for the First Quarter Ended January 31, 2015

Laurentian Bank of Canada announced unaudited consolidated earnings results for the first quarter ended January 31, 2015. The company reported adjusted net income of CAD 40.5 million or CAD 1.32 diluted per share for the first quarter of 2015, up 3% and 2% respectively, compared with CAD 39.3 million or CAD 1.29 diluted per share for the same period in 2014. Adjusted return on common shareholders' equity was 11.3% for the first quarter of 2015, compared with 11.7% for the first quarter of 2014. Adjusting items for the first quarter of 2015 include a charge of CAD 3.6 million after tax or CAD 0.12 per share, impacting reported net income, related to the recent announcement of the Bank's President and Chief Executive Officer's retirement. On a reported basis, net income totaled CAD 35.8 million or CAD 1.15 diluted per share for the first quarter of 2015, compared with CAD 35.5 million or CAD 1.16 diluted per share for the first quarter of 2014. Also on a reported basis, return on common shareholders' equity was 9.9% for the first quarter of 2015, compared with 10.5% for the first quarter of 2014. Total revenue was CAD 218,160,000 against CAD 216,109,000 a year ago. Net interest income was CAD 139,496,000 against CAD 140,856,000 a year ago. Income before income taxes was CAD 45,491,000 against CAD 45,340,000 a year ago. The Bank's book value per common share appreciated to CAD 46.34 as at January 31, 2015 from CAD 45.89 as at October 31, 2014. Net impaired loans was CAD 84,927,000 for the first quarter ended January 31, 2015 against CAD 64,348,000 a year ago.

 

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LB:CN C$49.01 CAD -0.21

LB Competitors

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Company Last Change
Bank of Montreal C$77.46 CAD +0.05
Canadian Imperial Bank of Commerce/Canada C$95.67 CAD +0.44
Capital One Financial Corp $78.71 USD -0.44
Royal Bank of Canada C$78.31 CAD +0.24
Toronto-Dominion Bank/The C$54.80 CAD +0.47
View Industry Companies
 

Industry Analysis

LB

Industry Average

Valuation LB Industry Range
Price/Earnings 11.1x
Price/Sales 1.7x
Price/Book 1.0x
Price/Cash Flow 10.3x
TEV/Sales NM Not Meaningful
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