Capital One Financial Co. (COF) has seen significant fluctuations in stock performance and operations over the past few years. Intact Investment Management Inc. has reduced its position while Banque Cantonale Vaudoise and Zurcher Kantonalbank Zurich Cantonalbank have increased theirs.
Allspring Global Investments now holds $12.03 million in COF. Its CAGR for shareholders was 13% over the last five years, and the overall return hit 74%. COF has also been achieving key benchmarks, earning favourable RS Ratings. However, COF has missed earnings and seen decreased profits, partly due to stockpiling money for loan losses. In major news, Capital One announced a $35 billion acquisition of Discover Financial. This move intersects with a $265 billion pledge in lending and philanthropy as the company seeks to further its involvement in driving economic opportunities. Yet, the
Discover deal isn't firm, with some reports suggesting it might offset positive credit trends for COF. Additionally, COF has ended its consumer credit card agreement with Walmart. Notwithstanding these, COF continues to attract interest from heavyweight investors such as Warren Buffett.
Capital One Financial COF News Analytics from Mon, 13 Nov 2023 08:00:00 GMT to Sun, 01 Sep 2024 11:22:49 GMT -
Rating 2
- Innovation -2
- Information 7
- Rumor -3
