Laurentian Bank announced job cuts as it reported first-quarter net income of $40.3-million, down 32 per cent from the same period a year earlier.
On an adjusted basis, Laurentian reported net income of $44.7-million or diluted earnings per share of 98 cents, down from $63.2-million or $1.49 per share a year ago.Analysts on average expected adjusted diluted earnings of $1.29 per share.
globebusiness Are they the only Canadian bank who reports their net income accurately?
globebusiness Why hasn't this sorry excuse for a financial institution fold yet?
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