Closing Bell: Laurentian Bank down on Tuesday (LB)

In market activity today, shares of Laurentian Bank opened at $25.26 and closed at $25.18. Intraday prices ranged from a low of $24.90 to a high of $25.33.

The price dipped -1.41 percent from the previous day's close of $25.54.

Today across North America, the TSX Composite closed -2.18% at 22227.63, the S&P 500 closed -3.00% at 5186.33, the Dow Jones Industrial Average closed -2.60% at 38703.27 and the Nasdaq Composite closed -3.43% at 16200.08.

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

Trading volume was 289,715 on 1,149 total trades. On average, Laurentian Bank has traded 263,782 shares over the last 5-days and 197,176 year-to-date.

Trading across the entire TSX saw 3,772 price advancers against 1,443 declines and 86 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 -36.67 percent in the last 12 months, while this year, they have dipped -9.65%.

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.

Laurentian Bank is holding an average recommendation of "Moderate Sell" from 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..