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Laurentian Bank of Canada (TSX:LB.PR.J.PFD) Altman Z-Score


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The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Altman Z-Score does not apply to banks and insurance companies.

Laurentian Bank of Canada (TSX:LB.PR.J.PFD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Laurentian Bank of Canada (TSX:LB.PR.J.PFD) » Definitions » Altman Z-Score
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TSX:VBNK TSX:CWB TSX:EQB NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 XPAR:BNP NSE:SBIN ISX:BBCA USB MIC:SBER SGX:D05 MIL:ISP SAU:1180 PNC MIL:UCG BSP:ITUB3 HKSE:01658 ISX:BBRI
Traded in Other Exchanges
LRCDF:USA LT7:Germany LB.PR.H.PFD:Canada LB:Canada
Address
1360, Boulevard Rene-Levesque Ouest, Suite 600, Secretariat Corporatif, Montreal, QC, CAN, H3G 0E5
Website
https://www.lbcfg.ca
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.