|Bid||90.00 x 1200|
|Ask||0.00 x 1200|
|Day's Range||96.20 - 96.98|
|52 Week Range||76.05 - 106.50|
|PE Ratio (TTM)||27.68|
|Earnings Date||Jul 18, 2018 - Jul 23, 2018|
|Forward Dividend & Yield||1.60 (1.66%)|
|1y Target Est||112.59|
Apple planning to team with Goldman Sachs on Credit Card. Yahoo Finance's Seana Smith, Dan Roberts, Ethan Wolff-Mann and Dion Rabouin discuss.
While big tech companies might not face regulation of their artificial-intelligence efforts in the US, banks trying to use AI still have to contend with reams of industry-specific rules, including laws ensuring equal treatment of customers. According to Bank of America technology executive Hari Gopalkrishnan, that’s a problem for banks interested in using deep learning,…
Bank of America Corp. is in the early stages of experimenting with how artificial intelligence could help improve fraud detection, but first, executives say they need to understand how the algorithms actually work. The bank joins several organizations, ranging from the research arm of the U.S. Department of Defense to Uber Technologies Inc. and Capital One Financial Corp., that are grappling with the opaque nature of advanced AI algorithms. It recently announced they’re working with Harvard University to address topics such as bias in algorithms.
Earlier this week, Capital One inked a deal to sell its portfolio of roughly $17 billion mortgage loans to DLJ Mortgage Capital, a subsidiary of Credit Suisse in the U.S. The portfolio sale marks Capital One’s exit from the U.S. mortgage industry, with the bank having discontinued mortgage originations last November.
Today we’re going to take a look at the well-established Capital One Financial Corporation (NYSE:COF). The company’s stock received a lot of attention from a substantial price movement on theRead More...
In May, Mastercard (MA) is covered by 38 analysts. None of the analysts gave Mastercard “sell” or “strong sell” ratings. However, 17 analysts gave a “strong buy” rating, 19 analysts gave a “buy” rating, and two analysts gave a “hold” rating.
Capital One Financial Corp. is selling about $17 billion of mortgages as part of its exit from the single-family home-lending business. Capital One said on Tuesday it reached a deal to sell the first- and second-lien mortgages to DLJ Mortgage Capital Inc., a subsidiary of Credit Suisse Group AG. Credit Suisse then agreed to sell most of the mortgages to Pacific Investment Management Co., according to people familiar with the matter.
In 1Q18, Mastercard (MA) reported total gross dollar volumes of $1.41 trillion, which reflects a rise of 14% on a YoY (year-over-year) basis. Of the total gross dollar volumes in 1Q18, the US region contributed $419 billion. In 1Q17, the US region contributed $379 billion. The total gross dollar volumes reflected a 10% rise due to 9% credit growth and 12% debit growth.
"Strong market demand enabled us to negotiate and sign this complex transaction more quickly than we thought possible," R. Scott Blackley, chief financial officer of Capital One, said. Capital One said it expects to record a gain from the sale of the mortgage portfolio in the second quarter of 2018 and would resume buying back shares at the end of the quarter. Capital One's shares rose 2.6 percent at $91.2 in early trading.
Capital One Financial Corp said on Tuesday it sold around $17 billion of first and second lien mortgages to DLJ Mortgage, a unit of Credit Suisse. "Strong market demand enabled us to negotiate and sign this complex transaction more quickly than we thought possible," R. Scott Blackley, chief financial officer of Capital One, said. Capital One said it expects to record a gain from the sale of the mortgage portfolio in the second quarter of 2018 and would resume buying back shares at the end of the quarter.
Capital One Financial Corp. said Tuesday that it will resume share repurchases through the end of the current quarter, as a result of the deal to sell $17 billion of mortgages to DLJ Mortgage Capital Inc. The financial services company's stock surged 1.8% in morning trade. Capital One expects the sale of mortgages to DLK, which is a subsidiary of Credit Suisse AG , to be completed in the current second quarter, and result in a gain. "Strong market demand enabled us to negotiate and sign this complex transaction more quickly than we thought possible," said Capital One Chief Financial Officer Scott Blackley.
MCLEAN, Va., May 8, 2018 /PRNewswire/ -- Capital One Financial Corporation (COF) today announced the sale of approximately $17 Billion of first and second lien mortgages to DLJ Mortgage Capital, Inc., a subsidiary of Credit Suisse AG. The company expects to complete the transaction and record a gain in the second quarter of 2018. As a result of the portfolio sale, the company now expects to resume repurchasing shares of common stock through the end of the second quarter of 2018 under its existing board authorization. "Strong market demand enabled us to negotiate and sign this complex transaction more quickly than we thought possible," said R. Scott Blackley, Chief Financial Officer of Capital One.
Company also declares preferred stock dividends MCLEAN, Va. , May 3, 2018 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) today announced a quarterly dividend of $0.40 per share payable May ...
Many credit cardholders don’t understand their card’s foreign transaction fees, according to two surveys released this week. • More than half — 52% — of people don’t even know if their credit card charges a foreign transaction fee, according to a survey of 400 people by the personal-finance website WalletHub. • And some 86% of people don’t realize foreign transaction fees can apply both abroad and while the cardholder is in the U.S., making purchases from international merchants.
A huge fine for Wells Fargo overshadows banks' improved performance in first-quarter 2018. Overall, the performance of bank stocks remains pessimistic.
All credit card issuers are at different stages of growth in this credit cycle and displaying mixed performance. On the basis of card issuer performance this quarter, Capital One Financial COF appears to be one step ahead of peers, while Synchrony Financial SYF and Alliance Data Systems ADS are still digesting recent elevated growth and American Express AXP is trying to catch up. For credit cards, the best leading indicator of credit performance is a company's delinquency rate, as one quarter's delinquencies are highly correlated to credit losses in the following quarter.
Capital One Financial (COF), which is a bank holding company that specializes in credit cards, auto loans, and banking and savings products, was among the S&P 500’s top losses on Wednesday. After gaining for two consecutive trading weeks, Capital One Financial started this week on a weaker note and declined as the week progressed.
Goodyear Tire & Rubber (GT), which is an American multinational tire manufacturing company, was among the S&P 500’s top losses on April 25. After pulling back last week, Goodyear Tire & Rubber started this week on a weaker note and declined as the week progressed. On Wednesday, Goodyear Tire & Rubber opened the day lower and declined to the lowest levels traded since July 2016.