Laurentian Bank reports $20.5M Q1 loss as it transforms itself

A Laurentian Bank sign is seen in Montreal, Friday, Aug. 30, 2024. THE CANADIAN PRESS/Christinne Muschi

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MONTREAL - Laurentian Bank of Canada says it had a net income of $37.5 million in the third quarter, up from a profit of $34.1 million in the same quarter last year.

The Montreal-based bank says earnings worked out to 73 cents per share for the quarter ending July 31, an increase from 67 cent per share last year.

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