Laurentian Bank of Canada

LB

Equity

ISIN CA51925D1069 / Valor 692367

Toronto Stock Exchange (2024-12-24)

CAD 28.87+0.52%

Laurentian Bank of Canada
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About company

Laurentian Bank of Canada is a financial institution that provides banking services including personal banking, commercial banking, and brokerage services to clients in Canada.

Summarized from source with an LLMView SourceSector: Finance

Total Revenue

Laurentian Bank of Canada reported total revenue of $1.03 billion for the fiscal year ending October 31, 2023. This figure remained consistent with the previous year's revenue, indicating stable performance in their revenue generation.

Net Income

For the fourth quarter of 2023, Laurentian Bank of Canada recorded a net income of $181.1 million. This represents a decrease from the $226.6 million reported in the same quarter of the previous year, reflecting challenges in maintaining profitability.

Diluted Earnings per Share

Laurentian Bank of Canada’s diluted earnings per share for the fourth quarter of 2023 were $3.89. This is a decline from the $4.95 reported in the fourth quarter of 2022, indicating a reduction in earnings available to shareholders on a per-share basis.

Efficiency Ratio

The efficiency ratio for Laurentian Bank of Canada in the fourth quarter of 2023 was 73.5%, compared to 67.8% in the same quarter of the previous year. This increase suggests higher operating expenses relative to revenue, impacting overall efficiency.

Common Equity Tier 1 Capital Ratio

As of October 31, 2023, Laurentian Bank of Canada reported a Common Equity Tier 1 (CET1) capital ratio of 9.9%. This ratio is a key measure of the bank's financial strength and stability, reflecting its ability to absorb potential losses.

Summarized from source with an LLMView Source

Key figures

6.93%1Y

-29.7%3Y

-36.8%5Y

Performance

22.8%1Y

29.4%3Y

32.0%5Y

Volatility