Investment Thesis
Laurentian Bank (OTCPK:LRCDF) ((TSX: LB)) posted another quarter of poor earnings. Its residential mortgage volume continued to decline year over year. This has resulted in declining net interest income. Its non-interest income also declined significantly. Since there is still uncertainty surrounding its initiatives to transform its business, we believe investors should patiently wait on the sideline.
Data by YCharts
Recent Developments: Poor Q1 2019 Highlights
Laurentian Bank posted poor Q1 2019 result with declining top and bottom lines again. As can be seen from the table below, its net income of