The competition, especially since the other banks are so much larger, is quite stiff
popped into his head? Is it simply because that was his first record or is it more: perhaps that he purchased the stock in 2018 at $39.56 and has watched the stock price woof away to the current level of $26.75?
This has led to management changes. One year ago, Éric Provost was promoted to president and chief executive officer from his position as group head of personal and commercial banking. He has been with LB since 2012 so he was very well-versed with the enterprise and what his new role would bring. Of course, the bank was also very familiar with him. The previous CEO was Rania Llewellyn, who did not make the three-year mark. She was hired after a 26-year career at Bank of Nova Scotia.
While pundits debate whether this sector is competitive, the majors in this field are feasting on the Canadian public. No question, there is room for Laurentian to grow and regain its place in the pantheon of Canadian banks, especially since it is based in Quebec along with BMO. This province wants to make sure that it has its own financial institutions. But the competition, especially since the other banks are so much larger, is quite stiff.
Bank Stock Benj Income Laurentian Quarter Business Enterprise Royal Bank Of Canada Quebec Benj
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