Laurentian Bank of Canada (LRCDF) Expected to Announce Earnings on Friday

Laurentian Bank of Canada (OTCMKTS:LRCDF) is expected to issue its results before the market opens on Friday, February 27th. Analysts expect the company to announce earnings of $0.5120 per share and revenue of $181.9060 million for the quarter.

Laurentian Bank of Canada Stock Performance

Shares of LRCDF opened at $29.29 on Wednesday. Laurentian Bank of Canada has a 52 week low of $18.00 and a 52 week high of $29.61. The stock has a fifty day moving average of $29.20 and a 200-day moving average of $25.78.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Raymond James Financial downgraded Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a research report on Friday, December 5th. BMO Capital Markets reiterated a “market perform” rating on shares of Laurentian Bank of Canada in a report on Monday, December 8th. Royal Bank Of Canada upgraded shares of Laurentian Bank of Canada to a “sector perform” rating in a research report on Friday, December 5th. Finally, Scotiabank restated a “sector perform” rating on shares of Laurentian Bank of Canada in a research report on Wednesday, December 3rd. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

About Laurentian Bank of Canada

The Laurentian Bank of Canada (OTCMKTS:LRCDF) is headquartered in Quebec City and is one of Canada’s Schedule I banks. Established in 1846, the institution has grown from a regional savings bank into a diversified financial services provider. While its core footprint remains in Quebec, the bank also serves customers in other Canadian provinces through a network of branches, digital channels and broker partnerships.

Laurentian Bank’s personal banking division offers chequing and savings accounts, mortgages, lines of credit, credit cards and payment solutions.