|Bid||88.61 x 800|
|Ask||88.63 x 800|
|Day's Range||87.84 - 89.18|
|52 Week Range||69.90 - 101.26|
|Beta (3Y Monthly)||1.31|
|PE Ratio (TTM)||7.34|
|Earnings Date||Jul 18, 2019|
|Forward Dividend & Yield||1.60 (1.81%)|
|1y Target Est||107.10|
Capital One Financial (NYSE: COF ) unveils its next round of earnings this Thursday, July 18. Here is Benzinga's everything-that-matters guide for the earnings announcement. Earnings and Revenue Capital ...
Capital One's (COF) Q2 earnings are expected to be driven by a marginal rise in interest income, while higher costs will likely be a headwind.
Traders this week will have plenty to sink their teeth into, between the start to second-quarter earnings season, hearings on Facebook’s controversial new cryptocurrency project and Amazon’s Prime Day extravaganza.
Capital One (COF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
U.S. President Donald Trump on Thursday defended his use of Deutsche Bank AG and said the German bank was being "badly written about and maligned," as congressional Democrats probe his finances. Democrats on two U.S. House of Representatives panels are investigating the president's ties with the German bank and are pursuing his records of accounts, transactions and investments, as well as those of his family members and the Trump Organization. In addition to investigations over its ties with the Republican president, Deutsche Bank is struggling to reinvent itself and over the weekend announced a major restructuring that includes 18,000 job cuts, which has pummeled its shares.
Find out the real reason why that credit card company stamped a “no” on your application.Image source: Getty Images.
CHICAGO/WASHINGTON, July 11 (Reuters) - In the wake of the U.S. housing meltdown of the late 2000s, JPMorgan Chase & Co hunted for new ways to expand its loan business beyond the troubled mortgage sector. The nation's largest bank found enticing new opportunities in the rural Midwest - lending to U.S. farmers who had plenty of income and collateral as prices for grain and farmland surged. JPMorgan grew its farm-loan portfolio by 76 percent, to $1.1 billion, between 2008 and 2015, according to year-end figures, as other Wall Street players piled into the sector.
Capital One Financial Corp NYSE:COFView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for COF with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting COF. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $3.34 billion over the last one-month into ETFs that hold COF are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. COF credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
When you think of old, giant mainframes that sit in the basement of a giantcorporation, still doing the same work they did 30 years ago, chances areyou're thinking about a financial institution
The Zacks Analyst Blog Highlights: Verizon, McDonald's, Lockheed Martin, Capital One and Dollar Tree
Paribus gets consumers money back on their purchases after the fact, using the same algorithms that retailers use to manipulate online buyers.
The Morningstar U.S. Financial Services Index outperformed the Morningstar U.S. Markets Index quarter to date through June 25, up 6% compared with 3% (Exhibit 1). Overall, the median U.S.-based financial-services stock trades at about a 6% discount to its fair value estimate, so we assess the sector as modestly undervalued. There's been a drastic change in the absolute level and shape of the U.S. yield curve over the previous year (Exhibit 3).
Big banks will be able to enhance shareholder value with bigger payouts, following the approval of their capital plans by the Fed.
Capital One Financial and JPMorgan Chase had to reduce their planned shareholder payouts in order to get the Federal Reserve to approve the distributions, the central bank said Thursday.
The nation’s largest banks are rewarding shareholders by spending tens of billions raising their dividends and buying back stock after getting the green light from the Federal Reserve.
Capital One Financial Corp. plans to close its Seattle office by the end of the year and lay off at least 136 employees. The credit card and financial services company in December said it had about 250 people in its Seattle office in roles including user experience specialists, program and product managers, engineers and data scientists. Capital One on Wednesday notified the Washington Employment Security Department about its plans to cuts 136 jobs by September.
MCLEAN, Va., June 27, 2019 /PRNewswire/ -- Capital One Financial Corporation (COF) today announced that the Federal Reserve has completed its 2019 Comprehensive Capital Analysis and Review ("CCAR") and did not object to Capital One's adjusted capital plan. The company expects to maintain its quarterly dividend of $0.40 per share, subject to approval by its Board of Directors. In addition, the Company's Board of Directors has authorized the repurchase of up to $2.2 billion of shares of the company's common stock beginning in the third quarter of 2019 through the end of the second quarter of 2020.
(Bloomberg) -- The first round of the latest Federal Reserve stress tests, released last Friday after the market closed, was well received by Wall Street analysts, who said the results generally topped expectations.Bank of America Corp., PNC Financial Services Group and trust banks BNY Mellon Corp., Northern Trust Corp. and State Street Corp. were seen as relative winners, while the Fed’s harsh view of credit cards led to disappointment for Capital One Financial Corp.All eyes now turn to Thursday’s Comprehensive Capital Analysis and Review, known as CCAR, for banks’ capital plans.The biggest banks were mixed in early Monday trading, with BofA rising as much as 0.4%, Citigroup Inc. gaining as much as 0.2%, Goldman Sachs Group Inc. rallying as much as 1.2%, Wells Fargo & Co. dropping as much as 1% and JPMorgan Chase & Co. up 0.2%.Here’s a sample of the latest commentary:Morgan Stanley, Betsy GraseckAn “easier stress test is a positive for this week’s more important CCAR test,” Graseck wrote in a note. All 11 of Morgan Stanley’s covered banks passed, with Northern Trust, Goldman Sachs Group Inc., State Street, BNY Mellon, and Citigroup screening well versus Morgan Stanley’s capital return expectations. Capital One is most at risk.Citi, Keith HorowitzThe results offer a “green light for higher capital return for most banks,” Horowitz wrote in a note. He forecasts a total payout of 103% versus 97% last year, as banks look to be “on solid footing” on the Dodd-Frank Act stress test (DFAST) results.Citi views State Street Corp., PNC Financial Services Group, Northern Trust Corp., Bank of America Corp. and BNY Mellon Corp. as among those best positioned to exceed Street payouts. The results also imply that Capital One’s total payout will improve, though there’s risk buybacks will trail consensus estimates.Goldman, Richard RamsdenResults were “modestly better than expected,” as loss rates improved across trading and all loan categories, except for card and other consumer lending, Ramsden said in a note. Banks, with the possible exception of Capital One, look to be able to meet consensus estimated payouts.Goldman attributes increased card losses to “higher stress to unemployment relative to last year, as well as higher stress on subprime card due to a Fed methodology change.” Commercial real estate loss rates were most improved, though in-line with the 2016-2017 average loss rate. Trading losses fell across the banks to $80 billion from $105 billion, with State Street and BofA seeing the biggest improvement.Credit Suisse, Susan Roth Katzke“Manageable stress” for large-cap U.S. banks means that “more manageable stress capital buffers should follow,” Katzke wrote in a note. DFAST results indicate banks “have sufficient capacity for expected capital returns.”JPMorgan, Vivek JunejaThe results show an “increase in capital cushion at most of the large U.S. banks, and all of our banks remain well positioned to continue to return sizable amounts of capital.”Bloomberg Intelligence, Alison Williams, Neil Sipes“A solid pass across the largest U.S. banks, including units of foreign banks, in annual Dodd Frank Act stress tests should generally support payout plans, in our view. U.S. banks stressed capital ratios held above required minimums for participating banks. Stressed CET1 ratios were broadly better than in year-ago tests -- with the exceptions being Northern Trust and the U.S. unit of UBS.”Atlantic Equities, John HeagertyThe results “once again underline the robustness of the large U.S. banks’ balance sheets,” Heagerty wrote in a note. BofA “appears to do very well in 2019,” while Goldman also fared better than last year. “With these results, it’s difficult to see any objections arising to submitted capital returns.”KSP Research, Kevin St. PierreThe results were better than expected, with “widespread improvement in minimum CET1 ratios and sizeable cushions to allow for consensus capital return expectations,” St. Pierre wrote in a note.St. Pierre called Wells Fargo, BofA and PNC “relative winners,” as each saw “significant increases in CET1 minimums and large buffers to accommodate above-consensus capital return if they were aggressive in their ask.” Capital One was “the relative loser,” due to the Fed’s harsh view on cards.Recommends buying bank stocks, as they’re “a compelling value,” while cautioning that “investing around CCAR results has been ineffective.”Macquarie, David KonradU.S. banks under Macquarie coverage “performed well,” with higher minimum capital levels in every category except the leverage ratio for Wells Fargo. Lower loan loss rates and trading losses helped to improve capital ratios, while assumed growth rates in RWAs (risk-weighted assets) were lower. Trading and counter-party losses dropped, led by an “abnormally large” decline for BofA.Sees potential upside for Goldman Sachs and PNC with CCAR, while BofA and Wells Fargo “also shine.” Those two have the most excess capital above stressed requirements, and may report the strongest buybacks, with a total payout ratio of 146% for Wells and 112% for BofA.RBC, Gerard CassidyDFAST demonstrated that “under a supervisory severely adverse economic scenario ... the U.S. banking industry’s capital levels can withstand massive losses and still remain above well capitalized levels.”KBW, Brian KleinhanzlThe results were “less stressful than the prior year,” as banks “saw stress losses declining and modest improvements in net income before taxes.” As a result, only one bank, JPMorgan Chase & Co., “seems at risk of not meeting our capital return expectations.”KBW expects “fewer surprises in CCAR results on Thursday, which is a modest positive for the group overall.”Raymond James, David LongLong sees BNY Mellon and State Street as winners, “given the wide spread between their projections and the Fed’s.” He also sees BofA as a winner, as their results pave the way for them to increase the dividend payout closer to peers, and as “stock repurchases remain an attractive use of capital at current levels.”(Updates share trading in fourth paragraph.)To contact the reporter on this story: Felice Maranz in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The annual stress-test report cards for large U.S. financial companies are due out Friday. The consensus is that the banks are largely well-capitalized.
MCLEAN, Va., June 17, 2019 /PRNewswire/ -- On July 18, 2019, at approximately 4:05 p.m. Eastern Time, Capital One Financial Corporation (COF) will release its second quarter 2019 earnings results. The call will be webcast live and the earnings release will be available on the company's homepage at www.capitalone.com. Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $255.1 billion in deposits and $373.2 billion in total assets as of March 31, 2019.