Capital One Shares Rise 4.1% Amid Optimism on Outlook After Revenue Beat
$Capital One Financial(COF.US$ shares advanced Friday amid analysts' optimism on the outlook of the diversified bank that reported higher-than-expected revenue for the fourth quarter.
Wells Fargo analyst Donald Fandetti said delinquencies are stabilizing, a positive sign for the company's financial health. Do you agree?
The bank boosted its provision for credit losses by $573 million to $2.9 billion. Net charge-offs, or the debt that the company is unlikely to recovery, reached $2.53 billion in the fourth quarter, or 3.2%, while the delinquency rate was 3.7% for the quarter, up from 3.2% a year earlier.
Is that something to be nervous about, or are you as optimistic as Fandetti?
Read more here: Capital One Shares Rise 4.1% Amid Optimism on Outlook After Revenue Beat
Is that something to be nervous about, or are you as optimistic as Fandetti?
Read more here: Capital One Shares Rise 4.1% Amid Optimism on Outlook After Revenue Beat
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