HomeLB • TSE
add
Laurentian Bank of Canada
Previous close
$28.87
Day range
$28.48 - $28.70
Year range
$24.45 - $31.74
Market cap
1.26B CAD
Avg Volume
266.11K
P/E ratio
-
Dividend yield
6.57%
Primary exchange
TSE
Market news
Financials
Income Statement
Revenue
Net income
| (CAD) | Oct 2024info | Y/Y change |
|---|---|---|
Revenue | 240.33M | 4.14% |
Operating expense | 178.00M | -1.86% |
Net income | 40.66M | 32.78% |
Net profit margin | 16.92 | 27.51% |
Earnings per share | 0.89 | -11.00% |
EBITDA | — | — |
Effective tax rate | 11.36% | — |
Balance Sheet
Total assets
Total liabilities
| (CAD) | Oct 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 8.39B | -3.58% |
Total assets | 47.40B | -4.99% |
Total liabilities | 44.57B | -5.23% |
Total equity | 2.83B | — |
Shares outstanding | 44.01M | — |
Price to book | 0.47 | — |
Return on assets | 0.34% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
| (CAD) | Oct 2024info | Y/Y change |
|---|---|---|
Net income | 40.66M | 32.78% |
Cash from operations | 75.93M | 138.56% |
Cash from investing | 145.83M | -71.46% |
Cash from financing | -196.27M | 37.25% |
Net change in cash | 27.28M | 444.73% |
Free cash flow | — | — |
About
The Laurentian Bank of Canada is a Schedule 1 bank that operates primarily in the province of Quebec, with commercial and business banking offices located in Ontario, Alberta, British Columbia, and Nova Scotia. LBC's Institution Number is 039.
The institution was established as the Montreal City and District Savings Bank in 1846. The bank's shares were publicly listed on the Montreal Stock Exchange in 1965 and the Toronto Stock Exchange in 1983. In 1987, the institution was renamed the Laurentian Bank of Canada.
It is the only bank in North America to have had a labour union, some 1,100 positions becoming unionized in 1967, with the rest of non-managerial positions joining decades later. In 2017, there was a failed attempt by the bank to decertify the Canadian Office and Professional Employees Union, but a majority of workers voted for union decertification in March 2021, leading the Canada Industrial Relations Board to revoke the union's certification in April 2021. Wikipedia
Founded
1846
Website
Employees
2,703
