Capital One Financial (COF) is expected to experience around 30% growth in the coming year according to market predictions. Meanwhile, Vectors Research Management and Cambridge Investment Research Advisors cut their positions in COF, but Gryphon Financial Partners, Bank of Nova Scotia, and Parallel Advisors increased their holdings. Significant focus has been on the firm's stock underperformance on multiple occasions when compared to its competitors, despite daily gains. COF ended their consumer card partnership agreement with Walmart. COF's preferred stock Series K yield surpassed 6.5% and they reported a Q1 2024 Net Income of $1.3 billion. A proposed acquisition of Discover Financial (DFS) by Capital One was also reported. The firm underperformed consistently, faced a decrease in EPS estimates for Q2 2024, and missed Q1 earnings due to elevated credit loss provisions. Despite these, COF declared a $0.60 quarterly dividend and regulatory concerns did not impact the stock’s upward trajectory. Finally, Celia Karam, an insider at the company, sold 16,913 shares of COF stock. Analyst consensus keeps COF at a 'Hold' rating.
Capital One Financial COF News Analytics from Wed, 11 Oct 2023 07:00:00 GMT to Sun, 02 Jun 2024 19:33:11 GMT -
Rating 5
- Innovation -2
- Information 2
- Rumor 2
