Cwm LLC and QRG Capital Management Inc. have gained additional shares in Capital One Financial Co. (COF). Shareholders are scheduled to receive a US$0.60 per share dividend within days. Despite fluctuations, COF stock has been making steady gains. The company's Q2 2024 Earnings Call highlighted a 61% drop in profit as more funds are set aside for loan losses. CEO Kevin S. Borgmann sold 61,532 shares of stock. Despite potential setbacks, the company pledged $265 billion for lending and philanthropy to leverage a deal with Discover. Its investors enjoyed a remarkable 74% return over the past five years. On a negative note, bearish signals were detected as insiders began selling off shares. COF reported a Q1 net income of $1.3 billion, or $3.13 per share, despite an increase in credit loss provisions. While the company missed its Q2 earnings estimates, it remains a firm value stock. A notable deal of $35.3 billion was made to acquire Discover Financial. Analysts set the COF price target at $141.35 with a potential for 30%+ growth in the coming year.
Capital One Financial COF News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sun, 11 Aug 2024 11:04:53 GMT -
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