Wealthspire Advisors LLC and other companies made small acquisitions of Capital One Financial Co. (COF) shares. The Swiss National Bank holds a $169.81 million position in COF, showing significant investment from major financial institutions. Despite minor losses, COF stock has been outperforming competitors. Mentioned shareholders include Warren Buffett. Currently, COF stock is trailing the S&P 500 by 8% Year-to-Date (YTD), leading traders to anticipate what's next. Recent investor activities show mixed signals; however, the company reported a Q1 2024 net income of $1.3 billion or $3.13 per share. The profit margin missed estimates due to loan write-offs, affecting its financial performance. Amidst these activities, the price target for COF was raised to $155.00 by JPMorgan Chase & Co. Subject to regulatory approval, COF announced the $35.3 billion acquisition of Discover Financial Services, making it one of the top deals in 2024. However, despite growth projections, COF's Q1 Earnings missed analysts' estimates, partly due to an elevated credit loss provision.
Capital One Financial COF News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sun, 14 Jul 2024 18:21:22 GMT -
Rating 3
- Innovation -5
- Information 7
- Rumor -2
