Laurentian Bank could fetch $2.6 billion in potential sale, analysts say

is being done to “maximize shareholder and stakeholder value.” The bank beat analyst expectations and hiked its dividend when it reported second quarter earnings results in June.Article content

John Aiken, head of research for Canada at Barclays PLC, said the process will at the very least spur some recognition that the stock is undervalued and should catch some upward share price momentum over the near term. The potential sale of Laurentian Bank would add to a wave of consolidation in Canada’s financial sector, following Royal Bank of Canada’s announcement of a deal toSignage is displayed outside of the Royal Bank of Canada headquarters in Toronto.

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Laurentian Bank could fetch $2.6 billion in potential sale, analysts sayLaurentian Bank would likely attract interest from all of the major banks and could fetch $2.6 billion if it goes up for sale. Read on.
Source: nationalpost - 🏆 10. / 80 Read more »

Laurentian Bank could fetch $2.6 billion in potential sale, analysts sayLaurentian Bank would likely attract interest from all of the major banks and could fetch $2.6 billion if it goes up for sale. Read on.
Source: financialpost - 🏆 7. / 85 Read more »