Technical Research on Mitsubishi UFJ and TCF Financial:Money Center Banks Riding the Positivity Wave PR Newswire 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 http://www.StockCall.com/TCB022713.pdf 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 year. 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 http://www.StockCall.com/MTU022713.pdf 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 moderate pace. 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. About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com Contact: William T. Knight, Email: email@example.com, Contact Number: +1(646)396-9857 (9:00 am EST - 01:30 pm EST)
Technical Research on Mitsubishi UFJ and TCF Financial:Money Center Banks Riding the Positivity Wave
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