Laurentian Bank reports $30.6M Q4 profit, down from $55.7M a year ago

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Jun 17, 2007
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MONTREAL — Laurentian Bank of Canada reported its fourth-quarter profit fell compared with a year ago as it was hit by restructuring and other costs related to its strategic review and a major computer outage in September. The Montreal-based bank says it earned $30.6 million or 67 cents per diluted share for the quarter ended Oct. 31, down from a profit of $55.7 million or $1.26 per diluted share a year earlier. The bank says the results included a $5.3-million charge related to the mainframe ou
 
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