Source: Kantar Media. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.
Dow Jones. Advanced Charting Compare. Open Income Statement. Balance Sheet. Cash Flow. Historical Prices. Advanced Charting. Company Info Laurentian Bank of Canada. Employees 2, Sector Banking. Sales or Revenue 1. Industry Financial Services. Description Laurentian Bank of Canada. Key People Laurentian Bank of Canada. Canada , Teranet, Inc. Michael T.
Susan Cohen Director-Investor Relations. David L. Mowat Independent Director. By comparison, National Bank reported a ratio of The situation proved untenable for Laurentian, which informed shareholders at the end of last month that it was cutting its dividend by 40 per cent, to 40 cents per share. The decision was framed as a prudent one, but it was still painful.
One of the challenges Laurentian faces is that it is much smaller and more regional than the Big Six banks. It also lacks the massive wealth management operations of its larger cousins. Laurentian has, however, had some recent success in lending to businesses. Therrien represents a strong candidate for full replacement. There are other bright spots for Laurentian, such as a Quebec economy that has been one of the better-performing ones in Canada.
Provisions for credit losses PCL as a percentage of average loans and acceptances were 0. Furthermore, while dividends and profits may be lower, they are still there. Laurentian has also launched a direct-to-customer channel called LBC Digital, allowing potential clients across Canada to access some offerings online, at a time when digital banking has increased because of the pandemic.
The bank maintains that capital and liquidity have stayed strong as well. But the turnaround effort probably will take more than that. Dechaine, the National Bank analyst, suggested the new chief executive might try to raise capital, either by selling shares or offloading non-core assets. As it stands, Laurentian relies on a business model not so different from that of Montreal City and District Savings Bank, which knew what it had to do when conditions changed: adapt.
Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. Add to my list. Laurentian Bank of Canada the Bank is a Canada-based diversified financial services provider. The Bank is a chartered bank. Its segments include Personal segment, Business Services segment and Institutional segment.
The Personal segment caters to the financial needs of retail clients. Clients can access the Bank's offering of financial advice, products and services through a network of branches in Quebec referred to as Financial Clinics; an advisors and brokers channel targeting independent financial intermediaries across Canada; and a digital direct-to-customer platform. The Business Services segment caters to the financial needs of business clients across Canada and in the United States and provides commercial banking; real estate financing; and equipment and inventory financing.
The Institutional segment provides a range of services, including research, market analysis and advisory services; corporate underwriting for debt and equity; and administrative services. In partnership with Allbrands.
Sector Other Banks. Connections : Laurentian Bank of Canada. Michelle R. Michael Peter Mueller. Michael T. Susan Wolburgh Jenah. All rights reserved. Show password. Add to my list Report.
Business Summary. Number of employees : 2 people. Sales per Business. Sales per region. Rania Llewellyn.
0コメント