TCF stock tumbles on its third-quarter showing

Full story: TwinCities.com

Concerns about lost fee revenue and lingering bad loans sent shares of TCF Financial down 8 percent Thursday.

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curious

Saint Paul, MN

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#2
Oct 22, 2010
 

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"They have more sensitivity to that revenue line," he said. Service fees — especially overdraft charges — have accounted for 25 percent of TCF's revenue, he said, but just 10 percent of other banks.

TCF has persuaded a large number of its customers to "opt in," allowing the bank to charge overdraft fees if the customer has a negative balance rather than deny a transaction, Cooper said. The bank also is working on a fee structure that would eliminate multiple overdraft fees on the same day, to be introduced in pilot form soon, executives said."

The stock loss couldn't have happened to a nicer company. They built TCF on "free checking" with huge overdraft fees. Good riddance to the greedy bankers.

Since: Dec 09

Romeoville, IL

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#3
Oct 22, 2010
 
TCF was a scumbag bank back 20 years and nothing has changed. TCF stands for They Charge Fees.
Alphalfa Sprout

Westchester, IL

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#4
Oct 22, 2010
 
RomeoHitman wrote:
TCF was a scumbag bank back 20 years and nothing has changed. TCF stands for They Charge Fees.
Then, unless you're a complete fool, you will not bank there. Likely you have several accounts with the franchise.
Yepper

Schaumburg, IL

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#5
Oct 22, 2010
 
TCF is not getting a bailout? They suck too much even for the demcrats I guess.
Alphalfa Sprout

Westchester, IL

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#6
Oct 22, 2010
 

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curious wrote:
"They have more sensitivity to that revenue line," he said. Service fees — especially overdraft charges — have accounted for 25 percent of TCF's revenue, he said, but just 10 percent of other banks.
TCF has persuaded a large number of its customers to "opt in," allowing the bank to charge overdraft fees if the customer has a negative balance rather than deny a transaction, Cooper said. The bank also is working on a fee structure that would eliminate multiple overdraft fees on the same day, to be introduced in pilot form soon, executives said."
The stock loss couldn't have happened to a nicer company. They built TCF on "free checking" with huge overdraft fees. Good riddance to the greedy bankers.
Good riddance to the idiots who have overdrafts. Anyone who spends money they do not have should be severely penalized. They are the makers of financial decline in this country. You do not have the cash, do not buy. VERY EASY TO DO.

Since: Dec 09

Romeoville, IL

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#7
Oct 23, 2010
 

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Alphalfa Sprout wrote:
<quoted text>
Then, unless you're a complete fool, you will not bank there. Likely you have several accounts with the franchise.
SPAM from Ollie the self admitted pedophile, he spent 9 years in prison for molesting a 12 year old boy.

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