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Laurentian Bank (LRCDF) Receives a Hold from BMO Capital


According to The Fly, bMO Capital analyst Sohrab Movahedi maintained a Hold rating on Laurentian Bank (LRCDF) today. The company’s shares opened today at $29.72, close to its 52-week low of $27.60.

According to TipRanks.com, Movahedi is a 3-star analyst with an average return of 3.1% and a 50.0% success rate. Movahedi covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Brookfield Asset Mng, and Bank Of Nova Scotia.

The word on The Street in general, suggests a Hold analyst consensus rating for Laurentian Bank.

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Based on Laurentian Bank’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $39 million. In comparison, last year the company had a net profit of $46.9 million.

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Laurentian Bank of Canada engages in the provision of financial services. It operates through the following segments: Retail Services, Business Services, Business-to-Business (B2B) Bank, and Capital Markets. The Retail Services segment offers savings, investment, and financing products.