What’s Next for Life & Banc Split Corp. After Today’s Huge Increase?

 What's Next for Life & Banc Split Corp. After Today's Huge Increase?

The stock of Life & Banc Split Corp. (TSE:LBS) is a huge mover today! About 51,462 shares traded hands or 71.71% up from the average. Life & Banc Split Corp. (TSE:LBS) has risen 15.39% since April 8, 2016 and is uptrending. It has outperformed by 10.41% the S&P500.
The move comes after 5 months positive chart setup for the $160.93 million company. It was reported on Nov, 14 by Barchart.com. We have $20.83 PT which if reached, will make TSE:LBS worth $215.65M more.

More notable recent Life & Banc Split Corp. (TSE:LBS) news were published by: Marketwired.com which released: “Life & Banc Split Corp. Announces Treasury Offering” on March 20, 2015, also Marketwatch.com with their article: “Brompton Funds Declare Distributions” published on October 20, 2016, Marketwired.com published: “Brompton Funds Provides Analysis of Rate Reset Preferred Shares” on March 30, 2016. More interesting news about Life & Banc Split Corp. (TSE:LBS) were released by: Business.Financialpost.com and their article: “Opt for dividend half of split-share companies” published on May 18, 2011 as well as Wsj.com‘s news article titled: “Japan’s Central Bank Splits Over Easing Program” with publication date: September 15, 2016.

Life & Banc Split Corp. is a mutual fund company. The company has a market cap of $160.93 million. The Fund’s investment objectives are to provide holders of preferred shares with fixed cumulative preferential quarterly cash distributions and to return the original issue price on the maturity date, and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for capital appreciation. It currently has negative earnings. The Fund invests in a common share portfolio consisting of the approximately six Canadian banks and over four Canadian life insurance companies on an equally weighted basis at the time of investment.

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