Laurentian Bank Ownership
| LB Stock | CAD 31.29 0.48 1.56% |
Shares in Circulation | First Issued 1997-03-31 | Previous Quarter 43.8 M | Current Value 43.9 M | Avarage Shares Outstanding 29 M | Quarterly Volatility 8.6 M |
Laurentian |
Laurentian Stock Ownership Analysis
About 22.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.53. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Laurentian Bank has Price/Earnings To Growth (PEG) ratio of 1.85. The entity last dividend was issued on the 30th of June 2025. The firm had 2:1 split on the 31st of May 2000. Laurentian Bank of Canada, together with its subsidiaries, provides various banking services to individuals, small and medium-sized enterprises, and institutional customers in Canada and the United States. Laurentian Bank of Canada was founded in 1846 and is headquartered in Montral, Canada. LAURENTIAN BANK operates under BanksRegional classification in Canada and is traded on Toronto Stock Exchange. It employs 2900 people. To find out more about Laurentian Bank contact Kelsey Gunderson at 800-522-1846 or learn more at https://www.laurentianbank.ca.Laurentian Bank Outstanding Bonds
Laurentian Bank issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Laurentian Bank uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Laurentian bonds can be classified according to their maturity, which is the date when Laurentian Bank has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| BNP Paribas FRN Corp BondUSF1R15XK367 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View |
Pair Trading with Laurentian Bank
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Laurentian Bank position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Laurentian Bank will appreciate offsetting losses from the drop in the long position's value.Moving together with Laurentian Stock
| 0.9 | JPM | JPMorgan Chase | PairCorr |
| 0.89 | BOFA | Bank of America | PairCorr |
| 0.91 | CITI | CITIGROUP CDR | PairCorr |
| 0.86 | RY | Royal Bank | PairCorr |
| 0.98 | TD | Toronto Dominion Bank | PairCorr |
The ability to find closely correlated positions to Laurentian Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Laurentian Bank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Laurentian Bank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Laurentian Bank to buy it.
The correlation of Laurentian Bank is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Laurentian Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Laurentian Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Laurentian Bank can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Laurentian Stock
Laurentian Bank financial ratios help investors to determine whether Laurentian Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Laurentian with respect to the benefits of owning Laurentian Bank security.