Market Currents

• Monday, December 14, 2009

• 10:10 AM Treasury says it's selling 3.2M TCF Financial (TCB) warrants; Deutsche Bank (DB) will auction the shares tomorrow. The sale is part of the Treasury's ongoing exit from banks that have paid back all TARP loans. Comment!

• Friday, December 4, 2009

• 09:21 AM The Treasury sold warrants to buy Capital One Financial (COF) for about $146.5M, pricing a secondary offering of about 12.7M warrants at $11.75 - part of the Treasury's moves to sell warrants it obtained through the Trouble Asset Relief Program. Plans to sell warrants for JPMorgan Chase (JPM) and TCF Financial (TCB) are up next. Comment!

• Wednesday, July 22, 2009

• 08:44 AM TCF Financial (TCB): Q2 EPS of $0.08 misses by $0.02. Revenue of $297M (+8.3%) vs. $264M. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AAI, APD, ATI, BA, BK, DAL, ENTG, GENZ, GNTX, HST, ITW, KEY, LLY, MO, MS, NITE, NTRS, PDS, PEP, PFE, SEIC, STI, STJ, SU, TCB, USB, USG, WFC, WHR Comment!

• Thursday, April 23, 2009

• 00:05 AM Notable earnings before Thursday's open: ABC, ALXN, AN, AVT, BDK, BG, BLL, CBE, CIT, CLS, CME, CNX, COP, CP, DHR, DO, EMC, ESI, ESV, EXC, FITB, GMT, GR, HSY, IGT, IVZ, JNS, LCC, LLL, MAR, MI, NCR, NCX, NIHD, NOV, NUE, OMTR, OXY, PENN, PM, PNC, POT, RCL, RS, RSH, RTN, RX, SCG, SEIC, SIAL, STI, SU, SVU, TCB, TMO, UNP, UPS, ZMH 1 Comment

• Thursday, January 22, 2009

• 08:49 AM TCF Financial (TCB): Q4 EPS of $0.20 misses by $0.04. Revenue of $272M (-2.3%) vs. $279M. "TCF did not engage in the activities that have created so many problems in the financial industry... TCF has not made subprime, broker purchased, Option ARM, teaser rate, out of market, low doc or other risky mortgage loans..." (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: ABC, AUO, AVT, BAX, BBT, BEN, CIT, CMA, CY, EAT, ESI, EXC, FITB, HBAN, IGT, JNS, KEY, LMT, LUV, MTB, NITE, NOC, NOK, ORI, POT, SHW, STI, TCB, TSM, UNH, UNP, UST Comment!

• Wednesday, October 22, 2008

• 00:05 AM Notable earnings before Wednesday's open: ABFS, ABI, APD, ARW, ATI, BA, BHI, COP, DOV, EMC, FCL, GD, GENZ, GSK, KCI, KMB, MCD, MRK, NFX, NITE, NOC, NTRS, NWA, PM, R, RAI, ROH, RYN, SEIC, T, TCB, TRV, WB, WLP, WYE Comment!

• Wednesday, July 23, 2008

• 00:05 AM Notable earnings before Wednesday's open: ABFS, APD, ARW, ATI, ATMI, BA, BTU, COP, CVG, DOV, EMC, EXC, GD, GENZ, GSK, HSY, MCD, NIHD, NWA, NYB, NYT, PEP, PFE, PM, PX, R, SEIC, SLM, SOV, SY, T, TCB, TNB, TRV, UIS, WHR, WLP, WYE Comment!