Regional mid-cap bank TCF Financial (TCB)
hasn't been shy about changing its business model to adapt to the new
realities of the banking market. The company has cleared out a lot of
its high-cost capital and shifted its operational focus towards a
national specialty/niche lending platform with a low-cost local deposit
base. The model TCF Financial is following carries above-average risks
and the shares are not particularly cheap by convention means, but this
bank looks poised to be an above-average grower at a time when bank
earnings growth is hard to find.
Follow this link to read the full article:
Growth And Self-Improvement Versus Value At TCF Financial
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