The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Sohrab Movahedi - BMO Capital Markets Equity Research - Analyst
: Just wanted to get a couple of clarifications here. On the service fee charge with the customer behaviors, is that line going to go close to zero over
the coming call it 7 or 8 quarters?
Question: Sohrab Movahedi - BMO Capital Markets Equity Research - Analyst
: But is it going to be going to zero like quicker than let's say a million or so a quarter? Or do you think that's about the right kind of run rate for it to
be going down?
Question: Sohrab Movahedi - BMO Capital Markets Equity Research - Analyst
: I was speaking specific just to the service charge line which I think was discussed earlier.
Question: Sohrab Movahedi - BMO Capital Markets Equity Research - Analyst
: And you've talked about the commercial loan growth and the pipeline and the like. Are these syndicated credits?
without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its
affiliated companies.
FEBRUARY 28, 2020 / 2:00PM, LB.TO - Q1 2020 Laurentian Bank of Canada Earnings Call
Question: Sohrab Movahedi - BMO Capital Markets Equity Research - Analyst
: But it accounted for, I think it accounted for all of the impairments, right? This quarter? Is that what William said, that these were syndicated on
energy and telecom, that went back?
Question: Sohrab Movahedi - BMO Capital Markets Equity Research - Analyst
: Right. So are the syndicated loans good quality, is I guess what I'm trying to figure out here.
Question: Sohrab Movahedi - BMO Capital Markets Equity Research - Analyst
: Okay. And Francois, maybe I'll just finish up with you. I think on a number of occasions on this call you've said you weren't happy about the quarter.
Can you be a little bit more specific about which aspect of the quarter you are unhappy about? Was it the expenses? Was it the revenue? What was
it that you are unhappy about?
|