Edition:
India

Laurentian Bank of Canada (LB.TO)

LB.TO on Toronto Stock Exchange

59.82CAD
12:35am IST
Change (% chg)

$-0.21 (-0.35%)
Prev Close
$60.03
Open
$60.11
Day's High
$60.27
Day's Low
$59.71
Volume
33,149
Avg. Vol
106,493
52-wk High
$61.67
52-wk Low
$51.57

Latest Key Developments (Source: Significant Developments)

Laurentian Bank Of Canada announces offering of subordinated notes
Friday, 16 Jun 2017 

June 15 (Reuters) - Laurentian Bank Of Canada ::Laurentian Bank Of Canada announces offering of subordinated notes (NVCC).Laurentian Bank Of Canada announces offering of subordinated notes (NVCC).Laurentian Bank Of Canada says announced today an offering of $350 million principal amount of 4.25pct notes due June 22, 2027.Laurentian Bank Of Canada - notes will bear interest at a fixed rate of 4.25pct per annum until June 22, 2022.Laurentian Bank Of Canada - issuance of notes is expected to close on June 22, 2017.  Full Article

Laurentian Bank Of Canada will merge fifty branches over next eighteen months
Thursday, 29 Sep 2016 

Laurentian Bank Of Canada : Will merge fifty branches over next eighteen months .Says mergers will lead to a reduction of about three hundred positions.  Full Article

Laurentian Bank sets regular quarterly dividend of C$0.60 per share
Wednesday, 31 Aug 2016 

Laurentian Bank Of Canada :Sets regular quarterly dividend of c$0.60per share.  Full Article

Laurentian Bank Q3 adjusted EPS C$1.37
Wednesday, 31 Aug 2016 

Laurentian Bank Of Canada : Laurentian Bank reports third quarter 2016 results . Q3 earnings per share C$1.34 . Q3 revenue rose 1 percent to C$229.1 million . Q3 earnings per share view C$1.40 -- Thomson Reuters I/B/E/S . Common equity tier 1 capital ratio stood at 7.9% as at july 31, 2016, compared with 7.9% as at april 30, 2016 . Q3 revenue view C$229.1 million -- Thomson Reuters I/B/E/S . Qtrly common equity tier 1 capital ratio stood at 7.9% as at July 31, 2016, compared with 7.9% as at April 30, 2016 . Entered into a new outsourcing agreement with IBM Canada to manage infrastructure and storage operations .Net interest income increased by $0.8 million or 1% to $148.0 million for q3 of 2016.  Full Article

CIT to sell its Canadian portfolio to Laurentian Bank Of Canada
Thursday, 30 Jun 2016 

CIT Group Inc : Cit announces sale of Canadian equipment finance and corporate finance businesses to Laurentian Bank Of Canada .CIT Canada and Laurentian Bank Of Canada will continue to operate separately until closing of transaction.  Full Article

Laurentian Bank buys C$1 bln portfolio from CIT Group
Thursday, 30 Jun 2016 

Laurentian Bank Of Canada : Laurentian Bank Of Canada acquires the Canadian equipment financing and corporate financing activities of CIT Group Inc . Bank believes acquisition will be modestly accretive to its adjusted earnings per share in 2017 . Acquisition will be financed through a $135 million offering of subscription receipts and existing balance sheet liquidity . Bank believes deal accretive to adjusted earnings per share by approximately 4% in 2018 .Reached agreement to acquire Canadian equipment financing, corporate financing activities of CIT a portfolio of c$1 billion.  Full Article

Laurentian Bank Q2 adjusted earnings per share C$1.46
Wednesday, 1 Jun 2016 

Laurentian Bank Of Canada : Q2 adjusted earnings per share c$1.46 . Q2 revenue rose 3 percent to c$226.8 million . Quarterly common share dividend raised by $0.02 to $0.60 . Laurentian bank of Canada says q2 adjusted return on common shareholders' equity of 12.8% and reported return on common shareholders' equity of 12.5% . Quarterly common share dividend raised by $0.02 to $0.60 . Net interest income increased by $5.7 million or 4% to $143.4 million for q2 of 2016 . Laurentian bank reports its second quarter of 2016 results . Q2 earnings per share c$1.43 .Q2 earnings per share view c$1.37 -- Thomson Reuters I/B/E/S.  Full Article

Temenos Group receives order from Laurentian Bank of Canada
Friday, 20 May 2016 

Temenos Group AG : Laurentian Bank of Canada selects Temenos and Deloitte to transform its core banking technology .Temenos platform to power retail and commercial banking for Laurentian Bank of Canada and its subsidiary, B2B Bank.  Full Article

Laurentian Bank declares a dividend on its common shares
Thursday, 25 Feb 2016 

Laurentian Bank of Canada:Declared a regular quarterly dividend of 58 cents per share on the common shares payable on May 1, 2016 to the holders on record at the close of business on April 1, 2016.  Full Article

Laurentian Bank of Canada announces c$65 million bought deal financing
Wednesday, 9 Dec 2015 

Laurentian Bank of Canada:Entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and RBC Capital Markets, as joint bookrunners, and Laurentian Bank Securities Inc., as co-lead manager.Under which the Underwriters have agreed to buy on a bought deal basis an aggregate of 1,250,000 common shares, at a price of $52.00 per Share for gross proceeds of $65 million.Says it has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover overallotments, if any.Net proceeds of this Offering will be added to Laurentian's general funds and will be used for general corporate purposes and to support the Bank's future growth initiatives.  Full Article

BRIEF-IntelGenx Technologies enters agency agreement with Desjardins Securities, others

* Says on June 28, co entered agency agreement with Desjardins Securities, Laurentian Bank and Echelon Wealth - SEC filing