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Laurentian Bank of Canada

Buy Laurentian Bank of Canada stocks

LAURENTIAN BANK OF CANADA (LB) Stocks

ABOUT LAURENTIAN BANK OF CANADA

Laurentian Bank of Canada is a banking services company operating in Canada and the United States.

Its portfolio includes a variety of services such as investment products, systematic savings plans, retirement protection plans, cash management and international services, leasing solutions, variable-rate mortgages, bank securities, insurance, loans and registered plans.

These are offered to small and medium sized businesses, individuals as well as independent advisors. Laurentian Bank of Canada operates through four divisions – Business Services, B2B Bank, Retail Services and Capital Markets.

Laurentian Bank of Canada employs approximately 3 600 people and is headquartered in Montreal, Quebec, Canada.

OVERVIEW OF LAURENTIAN BANK OF CANADA

  • Montreal City and District Savings Bank (Banque d’Épargne de la Cité et du District de Montréal) is founded in 1846 by Monseigneur Ignace Bourget and 15 other people from Montreal, Quebec. In 1965 the company lists on the Montreal Stock Exchange. It acquires the right to expand its business throughout Canada in 1980.

  • In 1983 it lists on the on the Toronto Stock Exchange and changes its name to Laurentian Bank of Canada in 1987. A year later it merges with Eaton Trust Company.

  • In 1991 the company purchases the assets of Standard Trust. A year later it buys Guardian Trust Company in Ontario, Société Nationale de Fiducie as well as La Financière Coopérants Prêts-Épargne Inc. In 1993 it also buys most of the Société Nationale de Fiducie’s assets from BLC Rousseau, forming Laurentian Bank Securities in the process.

  • Also, in 1993, the company merges with Desjardins Group and the Desjardins-Laurentian Financial Corporation becomes a majority shareholder of Laurentian Bank of Canada. In 1995 the company buys 30 of the North American Trust Company’s branches.

  • Several more acquisitions take place in the following years. All the stock of Sun Life Trust Company is purchased in 2000 and B2B Bank is created. In 2016, the bank moves all its Montreal offices into a single building on 1360 Rene Levesque Boulevard West in Montreal.

VISION & VALUES OF LAURENTIAN BANK OF CANADA

  • Laurentian Bank of Canada values proximity, honesty and simplicity. The company’s vision is to serve its customers with excellent advice and products to help them improve their financial health.

  • Laurentian Bank of Canada is committed to making the right business decisions that will have a positive effect on its customers, employees and shareholders. Employees are given opportunities and are recognised for their accomplishments.

MARKET PERFORMANCE OF LAURENTIAN BANK OF CANADA

  • Laurentian Bank of Canada trades on the Toronto Stock Exchange under the TSX stock symbol LB. Company shares can be purchased now at an affordable price.

  • Data analysis for the company’s annual report for 2019 reports total assets of US Dollar 44.4 billion. Deposits are US Dollar 25.7 billion. Laurentian Bank of Canada’s revenue is US Dollar 968.5 million. Loans and acceptances are US Dollar 33.7 billion.

  • Return on common shareholders’ equity is 7.0 percent. Adjusted return on common shareholders’ equity is 7.9 percent. Net income is US Dollar 172.7 million and adjusted net income is US Dollar 193.2 million.

  • Diluted earnings are US Dollar 3.77 per share and adjusted diluted earnings are US Dollar 4.26 per share. Dividends declared are US Dollar 2.62 per share.

Buy LAURENTIAN BANK OF CANADA stocks / shares – A Step by Step Guide how to Buy / Purchase LAURENTIAN BANK OF CANADA Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy LAURENTIAN BANK OF CANADA Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN LAURENTIAN BANK OF CANADA STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE LAURENTIAN BANK OF CANADA STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of LAURENTIAN BANK OF CANADA stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy LAURENTIAN BANK OF CANADA stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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