This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

7 Bank Stocks Loved by Deutsche Bank (Update 3)

Stocks in this article: BAC C JPM WFC BBT KEY RF TCB

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Shares of TCF Financial (TCB) of Wayzata, Minn., closed at $10.78 Wednesday, returning 5% year-to-date. Based on a five-cent quarterly payout, the shares have a dividend yield of 1.86%.

O'Connor's price target for TCF Financial is $12.00, and he expects the company to earn 83 cents a share in 2012, followed by EPS of $1.39 in 2013.

The analyst expects TCF's net interest margin to improve, as the company has $115 million in trust-preferred shares outstanding "that are likely to be called in 2012 (adding 10bps to NIM)," and points out that the company has "$4.4b of long-term borrowing" at an "average rate of 4.3% (vs. 2.5-3.0% for peers)."

A improved funding mix, along with "the recent acquisition of Gateway and the BRP deal should add $1.3b (or 10%) of higher margin loans in 2012," according to O'Connor, leading to "solid net interest income growth in 2012/2013."

O'Connor says that TCF "has made a number of strategic changes in the past 1-2 years as it tries to reduce reliance on home equity, overdraft and debit card revenues," but that "at some point, a sale of the company can't be ruled out if either of these drags proves to be more difficult than expected to offset."

Interested in more on TCF Financial? See TheStreet Ratings' report card for this stock.

Interested in more on TCF Financial? See TheStreet Ratings' report card for this stock.

7 of 8

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,081.17 +50.96 0.28%
S&P 500 2,092.04 +10.16 0.49%
NASDAQ 4,813.4340 +39.9620 0.84%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs