TCF Financial Corp (NYSE:TCB)
A national financial holding company for TCF Bank. The Company's core businesses include retail banking; commercial banking; small business banking; consumer lending; leasing and equipment finance and investments and insurance services.
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in dont bank here. I use a credit union.
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Even based on the worst earnings estimates the company is still a relative value.
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Why this stock is so beaten down is beyond me. They will sustain the dividend at $1.00. They are not over exposed. With this yield I do not see how you can lose compared to the rest of the market.
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Solid reigonal bank
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Little or no exposure to credit risks that hurt other regional banks including WFC: it's largest portfolio includes home equity but without the kinds of risks taken by competitors. Retained dividend.
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TCF Banks will continue with the dividend that, by it self will give tremendous return. They will struggle short ternm along with all banks.
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Good solid regional bank
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President Bush signs historic financial rescue plan into law - October 3/2008
money.cnn.com/2008/10/03/news/economy/house_friday_bailout/index.htm?postversion=2008100309
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TCF Financial Corp (NYSE:TCB)
As of October 1/2008 34 Republicans, 39 Democrats and 1 independant voted yes. 15 republicans, 9 Democrats and 1 independant voted no. The revamped rescue package passed by a vote of 74 to 25 in Senate.
I'm confident that the Senate will convince the House of Representaives on October 2/2008 to accept the revamped rescue package as House leaders were looking in finding 12 votes they would need to turn around Monday's 228-205 defeat during Wednesday evening. They were especially targeting the 133 Republicans who voted "no."
For more information visit: www.tcfbank.com
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Profile
TCF Financial Corporation
200 Lake Street East
Mail Code Ex 0-03-A
Wayzata, MN 55391-1693
Phone: 612-661-6500
Fax: 612-333-2160
Web Site: www.tcfbank.com
DETAILS
Index Membership: S&P 400 MidCap
S&P 1500 Super Comp
Sector: Financial
Industry: Money Center Banks
Employees (last reported count): NaN
BUSINESS SUMMARY
TCF Financial Corporation operates as the holding company for TCF Bank, which offers various banking services in the United States. It accepts various deposit products including consumer, small business, and commercial demand deposit accounts; interest-bearing checking accounts; money market accounts; regular savings accounts; certificates of deposit; and retirement savings plans. The bank offers loans for home purchases; debt consolidation; financing of home improvements, automobiles, vacations, and education; and purchasing of equipment primarily for middle-market companies. In addition, the bank provides leasing and equipment finance, as well as working capital loans and residential mortgage loans. As of December 31, 2006, the company operated 453 retail banking branches, including 107 branches in Minnesota, 195 in Illinois, 64 in Michigan, 44 in Colorado, 36 in Wisconsin, 6 in Indiana, and 1 in Arizona. TCF Financial Corporation was founded in 1923 and is based in Wayzata, Minnesota.
***All above information from YAHOO FINANCE***
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c)Bailout passes Senate, House foes soften
news.yahoo.com/s/ap/20081002/ap_on_bi_ge/financial_meltdown_1861
b)Senate passes $700B rescue; House votes lured
news.yahoo.com/s/ap/financial_meltdown
a)SEC extends short-selling ban for financial stocks
news.yahoo.com/s/ap/20081002/ap_on_bi_ge/sec_short_selling_8
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This stock is included in the Morningstar "Dividend Portfolio," which I use as my core stock group. I highly suggest anyone interested in dividend income take a look at this grouping of quality income producing stocks.
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I think this one is a sleeper, good fundamental and makes money during hard times. Ultra conservitive management so you won't get rich on this one but the downside is the sector not the company upside is reasonable.
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I don't typically invest in companies with a market cap under 5 B. TCF Financial Corp is currently around 2 B. However, analyzing the company's track record and financials I see sound fundamentals for success. The bank has a growth rate it can maintain, a net profit that has been consistent and returns on investments that is equal to many of the larger banks.
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banking
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Strong Financials. Good leadership.
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People think is related to sub prime, but is not related much at all.
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This will be taken over and has a great yeild. Time to back up the truck and buy as much as you can. The 401k plan is all TCB stock. Ride this one all the way to $32.00!!!!!!!!!!
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The company is in a growth phase. Makes tons off overdrafts. Got a huge stake in the University of MN students (2nd largest university in US). And stock just hit a bottom, time to load up.
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Financials have missed the current uptick.
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