Closing Bell: Laurentian Bank down on Thursday (LB)

Laurentian Bank opened trading today at $26.73 and closed at $25.98. It traded at a low of $25.86 to a high of $26.74.

Share prices shrank -2.84 percent from the previous day's close of $26.74.

During the day across North America, the TSX Composite closed -1.68% at 22723.21, the S&P 500 closed 1.58% at 5522.30, the Dow Jones Industrial Average closed 0.24% at 40842.79 and the Nasdaq Composite closed 2.64% at 17599.40.

Laurentian Bank traded under LB on the Toronto Stock Exchange (TSX).

Trading volume was 259,759 on 1,284 total trades, while having an average volume of 264,906 in the last five days.

Trading across the entire TSX saw 907 price advancers against 4,327 declines and 72 unchanged.

During the prior 52 weeks, LB.TO has traded as high as $40.60 (August 08,2023) and low as $24.45 (June 11,2024). Moreover, the shares have shrunken -34.54% in the last 52 weeks, while they have shrunken -6.78% since the start of 2024.

It announced a 0.47 dividend on May 30/24, with an July 02/24 ex-date and August 01/24 pay day.

Following today's trading, Laurentian Bank has a market capitalization of $1.17 billion on a float of 43,826 shares outstanding. Its annual EPS is $-0.28.

Laurentian Bank is a TSX Banks company headquartered in Montreal, CAN.

Currently, Laurentian Bank has an average recommendation of "Moderate Sell" based on 10.00 analysts according to Zacks. From those 10 analysts, 3 have sell ratings and 7 analysts gave hold ratings.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..