LB:CC News and Press, Laurentian Bank of Canada From 08/16/22

MONTREAL, Aug. 16, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of the Laurentian Bank of Canada (TSX: LB) (the “Bank”) declared today a dividend of $0.2576875 on the preferred shares Series 13, payable on September 15, 2022, to shareholders of record at the close of b...

TORONTO, July 13, 2022 (GLOBE NEWSWIRE) -- B2B Bank announces an increase to its prime lending rate by 100 basis points from 3.70 % to 4.70%, effective July 14, 2022. About B2B Bank B2B Bank is a leading provider of banking products to more than 15,000 financial advisors and b...

The Q2 fiscal 2022 earnings releases of Canadian banks are over; one lender outside the Big Six has advanced the most since then. Laurentian Bank (TSX:LB) has gained 15.63% from May 20, 2022, and is up 7.73% year to date. At $42.83% per share, it pays a juicy 4.33% dividend. ...

Stocks remained choppy on Wednesday to start June on a mixed note, as the Bank of Canada raised the policy interest rate by 50 basis points — in line with Street’s expectations. The TSX Composite Index ended the dull session with a minor loss of 16 points at 20,714. While ...

MONTREAL, June 01, 2022 (GLOBE NEWSWIRE) -- Laurentian Bank of Canada (TSX: LB) announced today a correction to its press release issued June 1, 2022, announcing an increased common share dividend.  In the press release, the date on which the quarterly dividend amount per common share ...

MONTREAL, June 01, 2022 (GLOBE NEWSWIRE) -- At its meeting held on May 31, 2022, the Board of Directors of the Laurentian Bank of Canada (TSX: LB) (the “Bank”) has approved an increase of $0.01 on its common shares and declared a regular quarterly dividend of 45 cents per...

MONTREAL, June 01, 2022 (GLOBE NEWSWIRE) -- Laurentian Bank of Canada reported net income of $59.5 million and diluted earnings per share of $1.34 for the second quarter of 2022, compared with $53.1 million and $1.15 for the second quarter of 2021. Return on common shareholders' equity was ...

MONTREAL, May 30, 2022 (GLOBE NEWSWIRE) -- Laurentian Bank of Canada (TSX: LB) (the “Bank”) is proud to announce that it is making a three-year financial commitment of $150,000 to Groupe 3737, an entrepreneurial innovation and diversity hub located in the heart of Montreal...

Two main avenues that lead to profit generation for banks are non-interest income and interest income. Bank stocks tend to benefit from rising interest rates. This is primarily because increasing interest rates boost interest income due to greater yield spreads on instruments like residenti...

MONTRÉAL, May 18, 2022 (GLOBE NEWSWIRE) -- Laurentian Bank Financial Group (TSX: LB) will release its second quarter 2022 financial results on Wednesday, June 1 st . It will also hold a conference call for media representatives and the financial community at 9:00 a.m. (ET). The qua...