| Yesterday |
| 06:35 PM |
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(JPM) Treasury to Auction TARP Warrants
After almost a year of initiating the $700 billion Troubled Asset Relief Program (TARP) to rescue the nation’s financial industry, the U.S. Treasury Department said on Thursday that it would auction off stock warrants it acquired from three big banks that received a significant portion of taxpayers’ money and have fully repaid the same. The [...]
(JPM) Treasury to Auction TARP Warrants
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Stock Blog Hub
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| 09:20 AM |
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Treasury to Auction TARP Warrants – Analyst Blog
After almost a year of initiating the $700 billion Troubled Asset Relief Program (TARP) to rescue the nation’s financial industry, the U.S. Treasury Department said on Thursday that it would auction off stock warrants it acquired from three big banks that received a significant portion of taxpayers’ money and have fully repaid the same. The government is taking this step to free the lenders from the federal bailout program.
The three banks, whose warrants will be sold via auctions over the next month, are JPMorgan Chase ( JPM), Capital One Financial ( COF) and TCF Financial Corporation ( TCB). These three banks, that received a total of $28.9 billion from the TARP, have fully repurchased Treasury's preferred stock investment. The current move to sell their warrants will completely free these banks from government intervention.
The government still holds warrants of 261 banks, out of which only 15 have paid back the bailout money but not repurchased their warrants yet. Many other financial institutions that have already repaid bailout money include American Express ( AXP), Goldman Sachs ( GS), Morgan Stanley ( MS), BB&T Corporation ( BBT) and US Bancorp ( USB). Also, banks like Bank of America ( BAC), Wells Fargo ( WFC) and Citigroup ( C) are expected to exit TARP over the next 12 to 18 months.
Treasury will sell the warrants through a modified Dutch auction. According to the format, the three banks will be able to bid for the warrants themselves. However, the price at which banks could buy back the warrants became a contentious issue as banks started repaying their bailouts.
We think that the repayment of government money and repurchase of warrants can be viewed as a sign of recovery of the institutions as well as the economy. Also, the full repayment of government money by the bailed-out firms will help protect their executive compensation packages. Read the full analyst report on "JPM"Read the full analyst report on "COF"Read the full analyst report on "TCB"Read the full analyst report on "AXP"Read the full analyst report on "GS"Read the full analyst report on "MS"Read the full analyst report on "BBT"Read the full analyst report on "USB"Read the full analyst report on "BAC"Read the full analyst report on "WFC"Read the full analyst report on "C"Zacks Investment Research
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Stock Market News & ...
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| 09:04 AM |
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Treasury To Auction TARP Warrants
After almost a year of initiating the $700 billion Troubled Asset Relief Program (TARP) to rescue the nation’s financial industry, the U.S. Treasury Department said on Thursday that it would auction off stock warrants it acquired from three big banks that received a significant portion of taxpayers’ money and have fully repaid the same. The government is taking this step to free the lenders from the federal bailout program. [More...]
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| Thursday, November 19, 2009 |
| 04:32 PM |
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U.S. To Sell Warrants In Three Financial Firms
U.S. To Sell Warrants In Three Financial Firms 
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FOXBusiness.com
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| 04:30 PM |
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Treasury to auction warrants of JPMorgan (JPM), Capital One (COF) and TCF Financial (TCB)
Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5127944 for the full story.
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StreetInsider
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| Tuesday, November 17, 2009 |
| 10:41 AM |
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3 Stocks Ready to Roar
Some investors are getting behind these stocks that are set to run.
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Fool.com Headlines
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| 07:01 AM |
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BenchmarkJournal.com Receives Analysis on TEX, EPR, TCB, GPS, FCE-A and SVU
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Benchmark Journal.
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Marketwire
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| Wednesday, November 11, 2009 |
| 09:55 AM |
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TCF Financial (TCB) Likely To Breach $15
Some times the probability of gains on below $25 priced stocks is higher than the probability of gains on stocks priced above $25. In the banking industry stocks, I view TCF Financial Corp. as one such stock. [More...]
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home: iStockAnalyst....
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| Friday, November 06, 2009 |
| 05:13 AM |
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RidgewaterEquity.com Free Fundamental Sector & Market Research on EXC, TCB, SVU, PNC, GNW and REG
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Ridgewater Equity (RWE).
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Marketwire
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| Wednesday, November 04, 2009 |
| 12:00 AM |
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TCF Financial's Ebitda for Latest Quarter Released by Ebitda News
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StockTrendNews.com e...
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| Monday, November 02, 2009 |
| 12:00 AM |
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Free-Cash-News now has most Recent Free Cash Flow Data available for TCF Financial
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StockTrendNews.com f...
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| 12:00 AM |
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Most Recent Cash Flow for TCF Financial now available from CFFO-NEWS
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StockTrendNews.com c...
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| 12:00 AM |
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Latest OPS Ranking for TCF Financial released by StockDiagnostics.com
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StockTrendNews.com t...
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| 12:00 AM |
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Latest OPS Ranking for TCF Financial released by StockDiagnostics.com
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StockTrendNews.com o...
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| Friday, October 30, 2009 |
| 12:11 PM |
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Banks Desperately Seeking Fee Revenue
Nuisance fees are on the rise.
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Fool.com Headlines
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| Wednesday, October 28, 2009 |
| 06:31 AM |
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Financial & Company Analysis on ZIXI, WAT, UMC, REG, TCB and VVUS From TheFortuneFinancial.com
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by TheFortuneFinancial.com.
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Marketwire
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| Thursday, October 22, 2009 |
| 01:40 PM |
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TCF Financial (TCB) NewsBite - TCB Downgraded By BMO Capital Markets
TCF Financial (TCB) was downgraded today by analysts at BMO Capital Markets and the stock is now at $12.59, down $0.38 (-2.93%) on volume of 3,977,903 shares traded. The brokerage downgrad...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
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MarketIntelligenceCe...
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| 09:50 AM |
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BMO Capital Downgrades TCF Financial (TCB) to Market Perform
Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5036969 for the full story.
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StreetInsider
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| Wednesday, October 21, 2009 |
| 06:07 PM |
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TCF Financial Corp. Q3 2009 Earnings Call Transcript
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Transcripts from See...
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| 06:07 PM |
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TCF Financial Corp. Q3 2009 Earnings Call Transcript
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SeekingAlpha.com: Fi...
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More All For TCB
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