In a report released yesterday, Jon Arfstrom from RBC Capital maintained a Hold rating on Capital One Financial (COF – Research Report), with a price target of $150.00. The company’s shares closed yesterday at $137.39.
Arfstrom covers the Financial sector, focusing on stocks such as Capital One Financial, Discover Financial Services, and First Horizon. According to TipRanks, Arfstrom has an average return of 13.8% and a 54.64% success rate on recommended stocks.
In addition to RBC Capital, Capital One Financial also received a Hold from Barclays’s Jason Goldberg in a report issued yesterday. However, on the same day, Wells Fargo maintained a Buy rating on Capital One Financial (NYSE: COF).
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Based on Capital One Financial’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $9.01 billion and a net profit of $1.35 billion. In comparison, last year the company earned a revenue of $8.23 billion and had a net profit of $2.03 billion
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Capital One Financial (COF) Company Description:
Capital One Financial Corporation is a diversified banking company which primarily focuses on consumer and commercial lending as well as deposit origination. It engages in providing personal and commercial banking, credit cards, loans, savings and time deposits, treasury management and depository services. The company primarily operates in the United States, Canada and the United Kingdom.
Read More on COF:
- Capital One deal for Discover offers good strategic optionality, says BofA
- Citi sees Discover deal as net positive for Capital One
- Capital One Financial Announces Merger with Discover
- M & A: Capital One and Discover Financial Unite in a $35B Deal
- Capital One to acquire Discover in all-stock transaction valued at $35.3B
