Keefe,Bruyette,Woods Comment on Earnings Miss of Taylor Capital Group

Keefe,Bruyette,Woods Comment on Earnings Miss of Taylor Capital Group (TAYC) as company misses the beat. KBW states, "Taylor reported a lower-than-expected 1Q11 loss of (-$0.12); however, adjusting for significant reserve release ($0.55), results were closer to our estimate. Credit trends were mixed as lower criticized/classifieds help drive a lower provision; however, 30-89 and NPLs increased. Raising 2011 largely to incorporate additional reserve release." Shares of Taylor Capital Group (TAYC) closed at $10.00 yesterday.