TCF Financial Corporation (NYSE:TCF) is expected to report second quarter earnings results, after market close, on Monday 27th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.51 per share.
Looking ahead, the full year income are expected at $ 2.52 per share on the revenues of $ 2156.22 million.
Previous Quarter Performance
TCF Financial Corporation revealed income for the first quarter of $ 0.57 per share, from the revenue of $ 538.44 million. The quarterly earnings hiked 23.91 percent while revenues surged 172.08 percent compared with the same quarter last year.
Wall street analysts are predicting, TCF to report 1Q20 income of $ 0.42 per share from revenue of $ 536.96 million. The bottom line results beat street analysts by $ 0.15 or 35.71 percent, at the same time, top line results outshined analysts by $ 1.48 million or 0.28 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of TCF was $ 28.70, representing a 69.22 % increase from the 52 week low of $ 16.96 and a 39.53 % decrease over the 52 week high of $ 47.46.
The company has a market capital of $ 4.37 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
- On 8th June 2020, upgraded by Bank of America to Buy from Neutral rating.
- On 8th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 34.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.35 per share on April 27, 2020. The dividend were payable on June 1, 2020 to holders of record as of the close of business on May 15, 2020 and ex-dividend date on May 14, 2020.
TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various financial products and services in the United States and Canada. It operates through Consumer Banking, Wholesale Banking, and Enterprise Services segments. The company offers checking, savings, and money market accounts; certificates of deposit; and individual retirement accounts.
