Earnings Preview: TCF Financial

TCF Financial (TCB) is expected to report Q2 earnings Wednesday before market open, with a conference call scheduled for 11:00 am ET.

Guidance

Analysts are looking for EPS of 35c on revenue of $268.77M. The consensus range for EPS is 21c to 42c, while the consensus range for revenue is $249.42M to $275.25M, according to First Call.

Analyst Views

Early this month, Bank of America wrote that they feel comfortable owning shares of TCF because of its relatively low loss rates and its ability to survive without raising additional capital. Stifel Nicolaus recently cut their target price on TCB to $20 from $22 but maintained their Buy rating. The firm decided to reduce their target due to the general downward revision in bank valuations. The firm also thinks the bank's loan loss provision will be larger than expected.