Jefferies Group Comments on TCF Financial Corporation’s FY2017 Earnings (TCF)

TCF Financial Corporation (NYSE:TCF) – Equities research analysts at Jefferies Group boosted their FY2017 earnings per share (EPS) estimates for TCF Financial Corporation in a research report issued to clients and investors on Tuesday. Jefferies Group analyst C. Haire now forecasts that the company will post earnings per share of $1.17 for the year, up from their previous forecast of $1.16. Jefferies Group also issued estimates for TCF Financial Corporation’s Q4 2017 earnings at $0.30 EPS.

Several other brokerages have also recently issued reports on TCF. Royal Bank Of Canada restated a “buy” rating and issued a $19.00 target price on shares of TCF Financial Corporation in a report on Friday, September 8th. Wedbush started coverage on shares of TCF Financial Corporation in a report on Wednesday, June 28th. They issued an “underperform” rating and a $14.00 target price on the stock. BMO Capital Markets restated a “hold” rating and issued a $18.00 target price on shares of TCF Financial Corporation in a report on Friday, September 1st. Morgan Stanley restated an “equal weight” rating and issued a $17.00 target price (up previously from $16.50) on shares of TCF Financial Corporation in a report on Friday, July 7th. Finally, Zacks Investment Research cut shares of TCF Financial Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.00.

TRADEMARK VIOLATION WARNING: “Jefferies Group Comments on TCF Financial Corporation’s FY2017 Earnings (TCF)” was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://stocknewstimes.com/2017/10/13/jefferies-group-comments-on-tcf-financial-corporations-fy2017-earnings-tcf.html. TCF Financial Corporation (NYSE:TCF) last posted its quarterly earnings data on Monday, July 24th. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. TCF Financial Corporation had a net margin of 15.13% and a return on equity of 9.59%. The company had revenue of $341.80 million for the quarter, compared to analyst estimates of $336.12 million. During the same period in the prior year, the firm posted $0.31 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis.

In related news, Director Barry N. Winslow purchased 12,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $300,000.00. Following the completion of the acquisition, the director now directly owns 2,365 shares in the company, valued at approximately $59,125. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.50% of the company’s stock.

About TCF Financial Corporation

TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.

Earnings History and Estimates for TCF Financial Corporation (NYSE:TCF)

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