trending Market Intelligence /marketintelligence/en/news-insights/trending/udzbczc3otb0FIEpEKcCBA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Janney downgrades TCF Financial on valuation

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Janney downgrades TCF Financial on valuation


Janney Montgomery Scott analyst John Rodis downgraded Detroit-based TCF Financial Corp. on valuation.

The company's shares are up about 20% quarter-to-date, outperforming its peers, which are only up about 9%, according to the analyst. Rodis expects a smooth transition following the announcement that the company's CFO will step down on Oct. 1, 2020.

The analyst downgraded the company's stock rating to "neutral" from "buy" and raised the fair value estimate to $49 from $46. His EPS estimates remained unchanged at $2.89 for 2019 and $4.01 for 2020.