Laurentian Bank of Canada (TSE:LB) – Stock analysts at National Bank Financial reduced their Q1 2019 earnings estimates for Laurentian Bank of Canada in a research report issued on Wednesday, December 5th. National Bank Financial analyst G. Dechaine now forecasts that the company will post earnings of $1.30 per share for the quarter, down from their prior forecast of $1.37. National Bank Financial has a “Sector Perform” rating and a $41.00 price target on the stock. National Bank Financial also issued estimates for Laurentian Bank of Canada’s Q2 2019 earnings at $1.25 EPS and FY2020 earnings at $5.41 EPS.
Laurentian Bank of Canada (TSE:LB) last posted its quarterly earnings results on Tuesday, September 4th. The company reported C$1.34 earnings per share for the quarter, missing the consensus estimate of C$1.47 by C($0.13). The company had revenue of C$260.66 million during the quarter, compared to the consensus estimate of C$267.51 million.
Laurentian Bank of Canada stock opened at C$38.96 on Friday. Laurentian Bank of Canada has a twelve month low of C$37.05 and a twelve month high of C$58.08.
About Laurentian Bank of Canada
Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance and leasing solutions.
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