Laurentian Bank (TSE:LB) has released an update.
Laurentian Bank Securities has agreed to sell the assets under administration of its Discount Brokerage division to CI Investment Services Inc., including the transfer of 2,050 clients and around $250 million in assets. This move aligns with the bank’s strategy to simplify and focus on competitive business areas, aiming for a seamless transition of customers to CI Direct Trading, which provides a variety of trading resources and platforms.
For further insights into TSE:LB stock, check out TipRanks’ Stock Analysis page.
