Laurentian Bank of Canada (LB, TSE)

Close $43.14

Buy: $43.06

Yield: 3.71%


  • Laurentian Bank (LB.TO) recently returned to our Buy Zone of our S&P/TSX Composite Index Report for the first time since 2015 and only the second time since 2008.
  • Thursday, the shares finished in 45th place, up 9 spots on the day and up 13 spots in the last month.
  • Since November, Laurentian Bank (LB.TO) shares have been recovering in a step pattern of rallies in increased volume, followed by periods of consolidation at higher levels, a sign of renewed accumulation.
  • Earlier this year, the shares snapped out of a long-term downtrend.
  • This week, LB.TO has launched up off of $40.00, on volume, clearing a long-term support/resistance/round number hurdle, and signaling the start of a new upleg.





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