Closing Bell: Laurentian Bank down on Friday (LB)

In market activity today, Laurentian Bank shares opened at $25.75 and closed at $25.54. Intraday prices ranged from $25.42 to $25.77.

The price slid -1.69% from the previous day's close of $25.98.

Today across North America, the TSX Composite closed -2.18% at 22227.63, the S&P 500 closed -1.84% at 5346.56, the Dow Jones Industrial Average closed -1.51% at 39737.26 and the Nasdaq Composite closed -2.43% at 16776.16.

Laurentian Bank has listed on the Toronto Stock Exchange (TSX) under the ticker LB.

A total of 318,361 shares was traded during the session, with total trades of 1,221, while having an average volume of 276,338 over 5 days.

Trading across the entire TSX saw 432 price advancers against 4,843 declines and 43 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 -35.33 percent in the last 12 months, while they have decreased -8.36% this year.

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 $1.12 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.

Based on 10.00 analysts, Laurentian Bank gets an average recommendation of "Moderate Sell" 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..