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Laurentian Bank of Canada (Laurentian Bank of Canada) Retained Earnings : $1,056.1 Mil (As of Jan. 2024)


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What is Laurentian Bank of Canada Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Laurentian Bank of Canada's retained earnings for the quarter that ended in Jan. 2024 was $1,056.1 Mil.

Laurentian Bank of Canada's quarterly retained earnings declined from Jul. 2023 ($1,058.2 Mil) to Oct. 2023 ($1,025.8 Mil) but then increased from Oct. 2023 ($1,025.8 Mil) to Jan. 2024 ($1,056.1 Mil).

Laurentian Bank of Canada's annual retained earnings increased from Oct. 2021 ($961.3 Mil) to Oct. 2022 ($966.0 Mil) and increased from Oct. 2022 ($966.0 Mil) to Oct. 2023 ($1,025.8 Mil).


Laurentian Bank of Canada Retained Earnings Historical Data

The historical data trend for Laurentian Bank of Canada's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Laurentian Bank of Canada Retained Earnings Chart

Laurentian Bank of Canada Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 880.79 872.28 961.29 966.02 1,025.76

Laurentian Bank of Canada Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,005.00 1,019.16 1,058.25 1,025.76 1,056.13

Laurentian Bank of Canada Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Laurentian Bank of Canada  (OTCPK:LRCDF) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Laurentian Bank of Canada (Laurentian Bank of Canada) Business Description

Traded in Other Exchanges
Address
1360, Boulevard Rene-Levesque Ouest, Suite 600, Secretariat Corporatif, Montreal, QC, CAN, H3G 0E5
Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, commercial banking, and capital markets. The personal segment offers financial services to retail clients. The commercial banking segment provides financial services, commercial banking, real estate financing, and equipment and inventory financing to business clients. The firm launched LBC Digital, allowing it to expand its customer reach from coast to coast through a direct-to-customer channel. The Canadian geographic segment generates majority of the revenue for the company.