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Closing Bell: Laurentian Bank down on Wednesday (LB)

Automated Summaries - The Globe and Mail - Wed Aug 7, 4:01PM CDT

Today during trading, shares of Laurentian Bank opened at $25.43 and closed at $25.11. Intraday prices ranged from a low of $25.03 to a high of $25.62.

Shares decreased -0.28 percent from the previous day's close of $25.18.

Today across North America, the TSX Composite closed -0.45% at 21880.95, the S&P 500 closed -0.77% at 5199.50, the Dow Jones Industrial Average closed -0.60% at 38763.45 and the Nasdaq Composite closed 1.03% at 16366.85.

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

Trading volume was 250,425 on 1,440 total trades, with an average volume of 263,781 in the last five days.

Trading across the entire TSX saw 1,858 price advancers against 3,319 declines and 108 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, in the last 12 months, Laurentian Bank's shares have plummeted -36.85 percent, while they have dipped -9.90% 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 $1.10 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. Currently, there are 3 sell ratings and 7 hold ratings for the stock.

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..