Texas Capital Bancshares Inc
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Financials : Banks | Small Cap Growth
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.


Last Trade
0.23 (0.60%)
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Market Hours

Closing Price
Day's Change
1.21 (3.24%)
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Ask close
B/A Size
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(Heavy Day)

10-day average volume:

Lowe's stock rallies after profit and sales rise well above expectations

6:08 am ET August 19, 2020 (MarketWatch)

Shares of Lowe's Companies (LOW) rallied 1.6% in premarket trading Wednesday, after the home improvement retailer reported fiscal second-quarter profit and sales that rose well above expectations, boosted by a consumer focus on the home, repair and maintenance activities during the COVID-19 pandemic. Net income increased to $2.83 billion, or $3.74 a share, from $1.68 billion, or $2.14 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to $3.75, above the FactSet consensus of $2.92. Sales rose 30.1% to $27.30 billion, beating the FactSet consensus of $24.32 billion. Same-store sales shot up 34.2%, above the FactSet consensus of 16.3%, while U.S. same-store sales growth of 35.1% topped nearly tripled expectations of an 11.9% rise. Although the company didn't provide financial guidance, it said "sales momentum continues into August." The stock has soared 31.9% year to date through Tuesday, while shares of rival Home Depot Inc. (HD) have climbed 30.5% and the S&P 500 has gained 4.9%.

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

(END) Dow Jones Newswires

August 19, 2020 06:08 ET (10:08 GMT)

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