12:02 PM EST - Laurentian Bank of Canada : reported a 31-per-cent surge in profit for the first quarter from the prior-year period, helped by strong growth in loans and deposits. In addition, the year-ago quarter's results include an unfavorable tax adjustment. For fiscal year 2009, the company reiterated its outlook for earnings and revenue. The company also maintained its quarterly dividend. The company's net income for the first quarter increased to $25.04 million, or $0.91 per share, from $19.11 million, or $0.68 per share, in the same period last year. Laurentian Bank of Canada
shares T.LB are trading down $1.08 at $29.27.
