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Stock Market & Financial Investment News

News Breaks
January 30, 2013
08:09 EDTTCBTCF Financial reports Q4 EPS 15c, consensus 18c
Reports Q4 revenue $201.06M, consensus $200.85M.
News For TCB From The Last 14 Days
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February 9, 2016
10:00 EDTTCBOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ArcelorMittal (MT) upgraded to Neutral from Sell at Goldman... Electronic Arts (EA) upgraded to Buy from Neutral at Hilliard Lyons... First Interstate (FIBK) upgraded to Outperform from Market Perform at Fig Partners... Flagstar Bancorp (FBC) upgraded to Buy from Hold at Sandler O'Neill... Frontline (FRO) upgraded to Buy from Neutral at Clarksons Platou... Grifols (GRFS) upgraded to Buy from Hold at Berenberg... Grupo Financiero (GGAL) upgraded to Neutral from Underweight at JPMorgan... Kinross Gold (KGC) upgraded to Outperform from Neutral at Credit Suisse... Luxottica (LUX) upgraded to Hold from Underperform at Jefferies... PrivateBancorp (PVTB) upgraded on growth outlook at SunTrust... SS&C (SSNC) upgraded to Outperform from Market Perform at Raymond James... Salesforce (CRM) upgraded to Hold from Underperform at Jefferies... TCF Financial (TCB) upgraded to Neutral from Sell at Compass Point... TreeHouse (THS) upgraded to Overweight from Neutral at JPMorgan... WPX Energy (WPX) upgraded to Overweight from Equalweight at Capital One... Yelp (YELP) upgraded to Neutral from Sell at B. Riley.
06:32 EDTTCBTCF Financial upgraded to Neutral from Sell at Compass Point
Compass Point upgraded TCF Financial to Neutral and lowered its price target to $12.50 from $13. The firm's analyst said current valuation now reflects risks of low reserve levels, potential for higher deposit costs, and the overhang from the receipt of a NORA letter from the CFPB.
February 4, 2016
16:57 EDTTCBTCF Financial and New Albertson's enter into banking services agreement
TCF National Bank, the principal subsidiary of TCF Financial, and New Albertson's announced a new multi-year retail banking services agreement for Jewel-Osco grocery stores located in the Chicago area. TCF Bank is enhancing its retail branches, ATM footprint and online technologies. These include the addition of ATMs located in select parking lots of Jewel-Osco stores. In conjunction, TCF Bank will close 33 retail branches inside Jewel-Osco stores by the end of May and in their place install ATMs that feature advanced transaction capabilities. TCF expects to incur an immaterial one-time pre-tax charge to earnings in Q1 as a result of the changes related to the Jewel-Osco service agreement. When fully implemented in FY16, TCF expects the changes related to the agreement to result in a net positive economic impact within the year. The new agreement is in effect until 2021, with options for TCF to renew it.
January 28, 2016
08:05 EDTTCBTCF Financial reports Q4 EPS 29c, consensus 29c
Reports Q4 revenue $321.3M, consensus $208.885M. Reports Q4 NII $205.67M. Loan and lease originations were $3.8 billion for the fourth quarter of 2015, an increase of $0.4 billion, or 11.2 percent, compared with the fourth quarter of 2014 and a decrease of $0.1 billion, or 1.3 percent, compared with the third quarter of 2015.

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