Texas Capital Bancshares Inc
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Financials : Banks | Small Cap Blend
Company profile

Texas Capital Bancshares, Inc. is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit. It also provides banking services for its individual customers, including personal wealth management and trust services; certificates of deposit; interest-bearing and non-interest-bearing checking accounts; traditional money market and savings accounts; loans, both secured and unsecured, and Internet banking.

Closing Price
$53.15
Day's Change
-0.57 (-1.06%)
Bid
--
Ask
--
B/A Size
--
Day's High
53.71
Day's Low
52.15
Volume
(Below Average)
Volume:
539,485

10-day average volume:
674,006
539,485

Bank stocks fall as 10-year Treasury yields head for longest losing streak this year

8:51 am ET September 23, 2019 (MarketWatch)
Print

Bank stock took a hit Monday, as the yield on 10-year Treasury notes fell for a sixth-straight session, which would be the longest losing streak this year. The SPDR Financial Select Sector ETF (XLF) fell 0.5%. Within the ETF, shares of Bank of America Corp. (BAC) dropped 0.8%, Citigroup Inc. (C) shed 0.8%, J.P. Morgan Chase & Co. (JPM) lost 0.6%, Wells Fargo & Co. (WFC) gave up 0.5% and Goldman Sachs Group Inc. (GS) lost 0.6%. The 10-year Treasury yield fell 5.6 basis points to 1.699% after weak eurozone data (http://www.marketwatch.com/story/treasury-yields-tumble-after-eurozone-weakness-draws-spotlight-2019-09-23), and has declined 20.4 basis points since closing at a 6-week high of 1.903% on Sept. 13. Another decline at the close would mark the longest losing streak since the eight-day stretch ending Dec. 7, 2018. Lower longer-term yield can hurt bank profits, as it reduces the spread between what banks earn on longer-term assets that are funded by shorter-term liabilities. The financial ETF has gained 17.9% year to date through Friday, while the Dow Jones Industrial Average has advanced 15.5%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 23, 2019 08:51 ET (12:51 GMT)

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