Many key news items involving Capital One Financial Co. (COF) have caught attention recently. Notably, International Assets Investment Management, First Horizon Advisors, Fisher Asset Management, and Sigma Planning Corp have all sold COF shares, while holdings have been raised by National Bank of Canada FI, Van ECK Associates Corp, and Cwm LLC. Capital One's Chief Enterprise Risk Officer Kara West and Insider Timothy P. Golden have also sold shares. Furthermore, Capital One has witnessed Insider selling, along with a 12.6% rise in Short Interest.
Capital One has also been in the spotlight due to its earnings reports. It reported net incomes of $1.3 billion, ($3.13 per share) and $706 million ($1.67 per share) for Q1 2024 and Q4 2023 respectively. However, it also missed expectations, with its Q1 2024 earnings aligning with projections but marked by missed EPS, increased sour credit-card loans, and high credit loss provision.
In terms of dividends, COF paid out a dividend of $0.60 and also declared a quarterly dividend of the same amount. However, its earnings growth has been tracking behind a five-year average. Furthermore, some analysts have averred that Capital One's acquisition of Discover for a whopping $35.3 billion could result in more strength, but has been faced with questions about regulatory approval and claims of potentially higher APRs and better rewards. Capital One stocks have generally performed well, rallying up to 44%, but have also seen declines in certain weeks.
Capital One Financial COF News Analytics from Wed, 11 Oct 2023 07:00:00 GMT to Tue, 07 May 2024 08:16:34 GMT - Rating 2 - Innovation 5 - Information 8 - Rumor 3
