TCF Financial Rises On Unusually High Volume (TCB)

NEW YORK ( TheStreet) -- TCF Financial Corporation (NYSE: TCB) is trading at unusually high volume Tuesday with 6.6 million shares changing hands. It is currently at four times its average daily volume and trading up 66 cents (+6.1%) at $11.49 as of 3:05 p.m. ET.

TCF Financial has a market cap of $1.69 billion and is part of the financial sector and banking industry. Shares are up 4.9% year to date as of the close of trading on Monday.

TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various retail and commercial banking products and services in the United States and Canada. The company has a P/E ratio of 15.1, above the average banking industry P/E ratio of 13.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates TCF Financial as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full TCF Financial Ratings Report.

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