TCF Financial Corporation (TCB) : Traders are bullish on TCF Financial Corporation (TCB) as it has outperformed the S&P 500 by a wide margin of 3.63% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.01%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.97% in the last 1 week, and is up 4.03% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
TCF Financial Corporation is up 4.52% in the last 3-month period. Year-to-Date the stock performance stands at 2.38%. The stock has recorded a 20-day Moving Average of 3.34% and the 50-Day Moving Average is 7.86%.
TCF Financial Corporation (NYSE:TCB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.13 and $14.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.20, notching a gain of 0.07% for the day. The total traded volume was 692,905 . The stock had closed at $14.19 on the previous day.
Also, In a research note released to the investors, FBR Capital downgrades its rating on TCF Financial Corporation (NYSE:TCB).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on July 25, 2016.
TCF Financial Corporation (TCF) is a bank holding company. The Companys principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Lending, Funding and Support Services. Lending includes consumer real estate, commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance. Funding includes branch banking and treasury services, which includes the Companys investment and borrowing portfolios and management of capital, debt and market risks, including interest rate and liquidity risks. Support Services includes Holding Company and corporate functions. TCF Banks subsidiaries principally engage in leasing, inventory finance and auto finance activities. TCF delivers retail banking products in over 40 states; commercial leasing and equipment finance business in all 50 states; commercial inventory finance business in all 50 states and Canada and indirect auto finance business in all 50 states.