Montreal-based bank said it will stick with its current business plan, with an increased focus on efficiency
The bank said it's committed to its 2023 strategy and fiscal priorities while the review takes place
Less diversified, riskier loan portfolios leave banks more vulnerable to downturn
FINTRAC review uncovered compliance violation, imposed $487K penalty on Laurentian Bank
Laurentian Bank of Canada reported first-quarter revenue of $257.5 million
At the same time, the bank raised its dividend 10%
The bank reported third-quarter profit of $36.2 million
The company also cut its dividend to gain more flexibility for the business
CSA issues guidance for taking annual meetings online
Analysts had expected a higher adjusted profit per share