LAURENTIAN BANK LB.TO sold off 8 percent yesterday due toannouncing they had to buy back 124 million worth of mortgages it had previously sold. I consider it to be a very solid canadian bank and this looks like an over reaction to me likely due to canadians recent nasty experience with home capital group.
The details are available on Yahoofinance.com i would greatly appreciate your thoughts on this if you get a moment.
Also what do you think about canadian bank valuations currently ive heard alot of americans consider them to be a short.
December 6th, 2017 at 9:26 am
hi phil
LAURENTIAN BANK LB.TO sold off 8 percent yesterday due toannouncing they had to buy back 124 million worth of mortgages it had previously sold. I consider it to be a very solid canadian bank and this looks like an over reaction to me likely due to canadians recent nasty experience with home capital group.
The details are available on Yahoofinance.com i would greatly appreciate your thoughts on this if you get a moment.
Also what do you think about canadian bank valuations currently ive heard alot of americans consider them to be a short.
thanks