How To Earn $500 A Month From Capital One Financial Ahead Of Its Q4 Earnings Report
Portfolio Pulse from Avi Kapoor
Capital One Financial Corporation (NYSE:COF) is anticipated to release its Q4 earnings report after market close on January 25, with expected earnings of $2.64 per share, down from $2.82 per share year-over-year. Revenue is projected at $9.46 billion, up from $9.04 billion. Analyst downgrades include BMO Capital moving COF to Market Perform and Deutsche Bank initiating coverage with a Hold rating and a $153 price target. The company's dividend yield is 1.83%, with a quarterly dividend of 60 cents per share. To earn $500 monthly from dividends, an investment of approximately $327,725 or 2,500 shares is needed. COF shares gained around 1% to close at $131.09 on Wednesday.
January 25, 2024 | 1:28 pm
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Capital One is expected to report a decrease in EPS year-over-year in its upcoming Q4 earnings, with a slight increase in revenue. Analyst sentiment is mixed, with recent downgrades but also a new coverage with a Hold rating and a $153 price target. The company's dividend yield is stable, and the stock price saw a small increase.
The expected decrease in EPS could be a negative signal to investors, but the increase in revenue might offset concerns. Analyst downgrades typically have a negative impact, but the Hold rating and price target from Deutsche Bank could provide some balance. The stable dividend yield and recent stock price increase suggest a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100