Technical Research on Mitsubishi UFJ and TCF Financial:Money Center Banks
Riding the Positivity Wave
LONDON, February 27, 2013
LONDON, February 27, 2013 /PRNewswire/ --
Banking stocks have performed well lately and are still performing strongly,
providing value to their investors. TCF Financial Corporation (NYSE: TCB)
reported 15.9 percent increase in net interest income for the fourth quarter.
The company also announced higher net interest margin, signaling better times
ahead. The stock is expected to respond well to these positive developments.
Mitsubishi UFJ Financial Group Inc. (NYSE: MTU) reported moderately good
financial numbers for the first nine months of the current fiscal. The stock
is likely to keep performing well. StockCall has posted free technical
research reports on Mitsubishi UFJ Financial and TCF Financial and these can
be accessed by signing up at http://www.stockcall.com/analysis
TCF Financial Corporation Improves Interest Margin
TCF Financial announced its fourth quarter net income at $23.6 million. It
also reported quarterly dividend at 5 cents per share, payable on Feb 28^th.
The company stock is up 21 percent in the past 52 weeks and it is 10 percent
up so far this year. Its dividend yield stands at 1.48 percent. TCF Financial
Corp. technical report can be accessed for free by signing up at
TCF Financial was recently slapped with a $10 million penalty with regard to a
regulatory issue. The fine has been levied by the Office of the Comptroller of
the Currency. The company was found guilty of 13 charges. The bank is mainly
operational in states of Illionis, Minnesota and Michigan and it works as the
bank holding company for TCF National Bank.
The banking company recently reported its fourth quarter results and its net
interest margin grew 87 basis points to 4.79 percent. Its pre-tax,
pre-provision profit also jumped 3.5 percent to $87.2 million. The banking
company shows encouraging trend as its quarterly average deposit increased
13.7 percent. For the entire year, the average deposit logged 10 percent
improvement. TCF Financial also slashed its non-performing assets for the
fourth quarter, which was down 12.1 percent from the third quarter of this
The bank's stock is expected to perform well as it showed good quarterly
results and the overall trend is upbeat. The stock has also garnered
considerable insider buying interest, which is generally a good sign for the
future performance of a stock.
Mitsubishi UFJ Financial Group Inc. Severs Ties with BoA
Mitsubishi UFJ Financial recently announced its financial performance for the
first nine months of fiscal 2013. Its net income for the period stood at $6.7
billion, down from $10.4 billion it had earned for the previous year period.
The banking company is struggling with increase in its operating costs and
these impacts are visible on its financial figures. The company is also facing
a decline in net interest income. Download the free report on Mitsubishi UFJ
Financial Group Inc. upon registration at
Mitsubishi UFJ Financial's stock is up 3 percent so far this year. In the past
52 weeks, the stock grew 8.12 percent. The bank also offers 2.68 percent
dividend yield. Overall, the stock offers value to its investors at steady and
Mitsubishi UFJ Financial also recently bought out Bank of America's stake in
their Japanese private banking venture. Bank of America held 49 percent stake
in the venture and Mitsubishi UFJ Financial Group is rumored to have paid $471
million for buying it. The JV was formed in 2006 and the stake buying is
likely to unlock the value for Mitsubishi UFJ Financial's investors.
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