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3 Bank Stocks to Double Your Money

Now is a great time to bank on these attractive stock plays

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TCF Financial

TCF Financial (TCB) operates in the Midwest – where the economy is doing better than the rest of the U.S. Housing in particular is strong, with prices rebounding from the 2008 crash. TCF’s recovery has been a bit more raggedy than other banks. Fees on debit cards and other services became a big issue for the company and hampered recovery in share value.

That sets the stage for a rebound and creates an opportunity for investors to double their money in TCF today. Analysts expect the company to grow profits by 28% in 2014. At current prices the stock only trades for 15 times 2014 estimated earnings. Plus, at 2 times book value, the stock now is worth $21 a share. With growing earnings, I see the stock moving much higher to my target of $35 – more than double its current price.

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