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Laurentian Bank of Canada (LB.TO)

LB.TO on Toronto Stock Exchange

42.04CAD
20 Nov 2018
Change (% chg)

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$42.04
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282,407
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$62.90
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Tue, Sep 4 2018

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Laurentian Bank earnings miss forecasts on restructuring costs, margins

TORONTO Laurentian Bank of Canada's third-quarter earnings missed market expectations, hurt by costs related to restructuring, lower margins and a fall in residential mortgage sales, sending its shares to the lowest level since January 2016.

UPDATE 2-Laurentian Bank earnings miss forecasts on restructuring costs, margins

* Shares hit lowest level since Jan. 2016 (Adds shares, analyst comment)

Laurentian Bank buys back $103 million of mortgages after review

TORONTO, Sept 4 Laurentian Bank of Canada said on Tuesday it had repurchased mortgages worth C$135 million ($103 million) after a review found they had been incorrectly sold to Canada's federal housing agency.

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