Capital One Financial (COF) has experienced several notable events recently.
CCM Investment Advisers and
CWA Asset Management Group have both decided to decrease their stock positions. However,
Barclays boosted its rating of COF, following strong Q3 2024 earnings, which saw a net income of $1.8 billion or $4.41 per share. Interestingly,
Capital One also intends to acquire
Discover, and a shareholder meeting for this potential merger is set for February 18, 2025. Additionally, the bank's stock has produced returns of 84% and 95% over the past five years, however, it trailed the S&P 500 by 8% YTD. It is also noted that bureau
Truist Securities initiated coverage of
Capital One Financial with a buy recommendation. Despite a 61% drop in profits due to provisions for loan losses,
Capital One announced a quarterly dividend and pledged $265 billion in lending and philanthropy related to the Discover deal. Overall, the events highlight both challenges and future potential for
Capital One.
Capital One Financial COF News Analytics from Thu, 25 Apr 2024 07:00:00 GMT to Fri, 10 Jan 2025 21:46:00 GMT -
Rating 3
- Innovation 0
- Information 8
- Rumor -5
