Laurentian Bank of Canada (TSE:LB) reported a second-quarter loss on a reported basis as transaction-related charges and a loss tied to the sale of a syndicated loan portfolio weighed on results, while management said the bank remains on track with previously announced transactions involving National Bank and Fairstone.
President and CEO Éric Provost said Laurentian remains focused on serving customers and managing operations during what he described as an uncertain macroeconomic environment, while also supporting the migration and sale process. He thanked employees for their commitment during the transition.
