Posts for Ticker ‘TCB’

TCF Joins In Sending Back TARP Money (TCB)

money-stack-image39TCF Financial Corporation (NYSE: TCB) has received approval from the U.S. Treasury to pay back TARP money it received.  The bank will repurchase all of its 361,172 outstanding shares of Series A 5% Fixed Rate Cumulative Perpetual Preferred Stock for $361.2 million plus a final pro-rata accrued dividend.  Instead of discussing how the capital helped, the aspect that this shines light on is that TCF said the TARP money has created a disadvantage for the bank.
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Posted on: April 20, 2009 – 9:00 am in Banking, Politics, Regulation,

Top Pre-Market Analyst Downgrades (ADP, T, BA, CTL, CMG, CTXS, COST, MCD, SWIR, TCB, TJX)

These are some of the top pre-market analyst Downgrades and negative calls we are seeing this Thursday Morning:

  • Automatic Data Processing (ADP) Cut to Equal Weight at Morgan Stanley.
  • AT&T (T) Cut to Neutral at JPMorgan.
  • Boeing (BA) Cut to Neutral at Cowen & Co.
  • CenturyTel (CTL) Cut to Equal-Weight at Morgan Stanley.
  • Chipotle Mexican Grill (CMG) Cut to Hold at Jefferies.
  • Citrix Systems (CTXS) Cut to Neutral at Baird.
  • Costco Wholesale (COST) Cut to Neutral at JPMorgan.
  • McDonald’s (MCD) Cut to Hold at Deutsche bank.
  • Sierra Wireless (SWIR) Cut to Underperform at Jefferies and cut to Sector Perform at RBC.
  • TCF Financial (TCB) Cut to Underweight at Morgan Stanley
  • TJX Companies (TJX) Cut to Neutral at Credit Suisse.

Jon C. Ogg
July 24, 2008

Posted on: July 24, 2008 – 6:36 am in Analyst Calls, , , , , , , , , , ,