Streetbeat News

COF

Capital One Financial Corporation

https://www.capitalone.com

Industry

Financial - Credit Services

Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking. The company accepts checking accounts, money market deposits, negotiable order of withdrawals, savings deposits, and time deposits. Its loan products include credit card loans; auto and retail banking loans; and commercial and multifamily real estate, and commercial and industrial loans. The company also offers credit and debit card products; online direct banking services; and treasury management and depository services. It serves consumers, small businesses, and commercial clients through digital channels, branches, cafés, and other distribution channels located in New York, Louisiana, Texas, Maryland, Virginia, New Jersey, and California. Capital One Financial Corporation was founded in 1988 and is headquartered in McLean, Virginia.

Open

188.08

Mkt cap

71B

Volume

4.2M

High

189.25

P/E Ratio

17.44

52-wk high

198.30

Low

184.55

Div yield

0.01

52-wk low

102.63

Recent analysis of Capital One Financial (COF) by 13 analysts shows a variety of opinions, with a shift towards a more positive outlook. The average 12-month price target for COF has increased by 8.22% to $136.46. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Capital One, a diversified financial services company, has shown solid revenue growth and a strong market capitalization, though it faces challenges in profitability and returns.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 4:00 pm

RBC Capital analyst Jon Arfstrom has maintained a 'Sector Perform' rating on Capital One Financial (COF) and increased the price target from $142 to $150.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:11 pm

The CNN Money Fear and Greed index indicated a decline in market sentiment, remaining in the 'Greed' zone with a reading of 67.3. U.S. stocks, including the Nasdaq, Dow Jones, and S&P 500, closed lower, ending their five-week winning streak. The Conference Board's Leading Economic Index fell more than expected. Capital One Financial Corp plans to acquire Discover Financial Services in a $35.3 billion deal. Walmart Inc. shares rose after reporting strong Q4 results. Sectors like consumer discretionary, energy, and IT saw losses, while consumer staples gained. Investors await earnings from Exelon Corporation, Analog Devices, NVIDIA, and Rivian Automotive.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 8:46 am

The proposed merger between Capital One Financial Corp (COF) and Discover Financial Services (DFS) valued at $35.3 billion has faced criticism from Democratic lawmakers and consumer advocacy groups. They argue it could decrease competition and increase costs for customers. The merger, pending regulatory and shareholder approval, could make Capital One the sixth-largest bank and the largest credit card issuer in the U.S. Critics, including Senators Sherrod Brown and Elizabeth Warren, have called for regulators to block the deal, citing concerns over financial stability and consumer costs.

Portfolio Pulse from Benzinga Neuro

February 21, 2024 | 8:35 am

Wall Street experienced a downturn, particularly in technology stocks, with the Nasdaq 100 dropping 1.5%. Nvidia and AMD saw significant declines ahead of Nvidia's earnings report. Alphabet was an exception among major tech stocks, posting a gain. The market's movement reflects a reassessment of stock valuations rather than interest rate concerns. ETFs like SPY, DIA, and QQQ also fell, with XLK underperforming. Walmart's stock rose following strong quarterly results and plans to acquire Vizio, while Discover Financial surged on news of its acquisition by Capital One.

Portfolio Pulse from Piero Cingari

February 20, 2024 | 6:46 pm

Fluor Corporation's shares fell by 7.7% following its Q4 results, with earnings beating estimates but sales missing expectations. Other stocks moved significantly in Tuesday's session, with notable gainers including TRxADE HEALTH, AgriFORCE Growing Systems, and Monopar Therapeutics, among others, due to various positive announcements. Losers included RAPT Therapeutics, MicroCloud Hologram, and Summit Therapeutics, primarily due to negative news or disappointing results.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 6:21 pm

The $35 billion merger between Capital One Financial Corp (NYSE:COF) and Discover Financial Services (NYSE:DFS) positions Capital One as the largest credit card operator in the U.S., posing a significant challenge to Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA). The merger could lead to substantial market share gains and synergies for Capital One, potentially allowing it to shift a significant portion of its credit card volume from Visa and Mastercard to Discover's network. This move could result in a loss of up to 25% of U.S. credit volume for Mastercard and about 9% for Visa. However, the deal faces potential regulatory scrutiny due to the concentration in the credit card market.

Portfolio Pulse from Neil Dennis

February 20, 2024 | 5:51 pm

A Mastercard spokesperson confirmed ongoing discussions with Capital One regarding the Discover deal, emphasizing a long-term partnership commitment. This indicates a strengthening relationship between Mastercard, Capital One, and potentially Discover, which could influence their market positions and strategic directions.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 4:04 pm

Walmart Inc. reported better-than-expected Q4 FY24 results, with net sales growth of 5.7% to $173.39 billion and adjusted EPS of $1.80, surpassing consensus estimates. The company also announced a 9% increase in its annual cash dividend for FY25. Other stocks like Iovance Biotherapeutics, Phathom Pharmaceuticals, VIZIO Holding Corp, Discover Financial Services, Barclays PLC, Korea Electric Power Corporation, Qurate Retail, InterContinental Hotels Group, Armstrong World Industries, Telephone and Data Systems, and Owens & Minor recorded gains in Tuesday's session.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 3:26 pm

Discover Financial Services (DFS) shares surged after announcing a merger with Capital One Financial Corp (COF), where DFS shareholders will receive a 26.6% premium. The deal, expected to close by early 2025, will see COF and DFS shareholders owning 60% and 40% of the new entity, respectively. This merger aims to enhance COF's credit card portfolio and deposit base, with expected synergies generating significant financial benefits by 2027.

Portfolio Pulse from Lekha Gupta

February 20, 2024 | 2:57 pm

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