|Bid||103.00 x 40000|
|Ask||104.00 x 40000|
|Day's range||103.00 - 103.00|
|52-week range||77.00 - 113.62|
|Beta (5Y monthly)||1.47|
|PE ratio (TTM)||7.55|
|Earnings date||19 Jul 2023 - 24 Jul 2023|
|Forward dividend & yield||2.24 (2.11%)|
|Ex-dividend date||12 May 2023|
|1y target est||182.85|
Capital One (COF) signs an agreement to acquire Velocity Black to supplement its offerings of customer experiences.
After concerns over a bank run on Silicon Valley Bank, a chain reaction occurred that sent the industry into a panic. While most major banks are down for the year, Capital One (NYSE: COF) has been on the opposite path, and is up almost 15% year to date. Although it's been a decent year for Capital One so far, there's a lot of uncertainty in the economy that could make the rest of 2023 challenging.
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway, made news when he added Capital One Financial to the company's portfolio. Buffett bought nearly 10 million shares; it was the company's first position in the bank. Capital One is the ninth-largest bank in the country, with most of its revenue coming from its credit card business.
The New York City Banking Commission voted to halt deposits into the city's bank accounts at Capital One and KeyBank after the lenders failed to submit plans on their efforts to root out discrimination. City Comptroller Brad Lander joined Mayor Eric Adams and the department of finance to announce the city would stop making deposits into the two banks, Lander said in a statement Thursday.
Capital One (COF) will likely witness growth in the top line, supported by higher rates and a solid card business. Elevated costs are expected to hurt profits.
Here is your VIP list of Pro Picks for the week, offered exclusively to InvestingPro subscribers: a hand-picked selection of S&P 500 stocks that InvestingPro awarded a high financial health score of at least 2.75 out of 5.00.
Everyone else is looking at the past or present. You want to look at the future (like a well-known stock-picker already has).
The conglomerate doesn't pay dividends, but plenty of its holdings put more cash in Buffett's coffers.
Warren Buffett adds Capital One (COF) to his portfolio for the first time. Despite the current tough operating backdrop, you must keep this consumer loan provider on the radar based on solid fundamentals.
The Oracle of Omaha didn't outright say what his expectations are for a recession, or whether there will be one at all.
Buffett unleashes his infamous patience to start 2023 as new portfolio additions are few.
Berkshire Hathaway revealed recently that it initiated a new stake in Capital One during the first quarter.
Shares of many bank stocks rallied this week after being sold off heavily last week. Banks got a lift along with the broader market on news that debt ceiling discussions were progressing, but there was also industry-specific and company-specific news. Shares of the credit card lender Capital One Financial (NYSE: COF) traded more than 11% higher for the week as of noon Thursday, according to data from S&P Global Market Intelligence.
The Oracle of Omaha has made it clear that he is still cautious about holding many bank stocks.
AlphaSimplex Chief Research Strategist Katy Kaminski reacts to Berkshire Hathaway's $954 million stake in Capital One, commenting on the state of banks and the fixed-income sector amid economic conditions
AlphaSimplex Chief Research Strategist Katy Kaminski and the Yahoo Finance Live team discuss Warren Buffett's Berkshire Hathaway's purchase of Capital One and decision to shed shares of BNY Mellon.
Investing.com -- Stocks were mixed at midday Tuesday as investors waited for clarity on the direction of negotiations over raising the debt ceiling, with a June 1 deadline just weeks away. Here are the market movers for May 16.
Yahoo Finance Live's Julie Hyman discusses Warren Buffett's Berkshire Hathaway investing $954 million in Capital One, shedding shares of regional banks Bank of NY Mellon and U.S. Bancorp, while SVB and Signature Bank executives are set to testify in the Senate on the banking crisis.
Get the latest news on this quarter's 13F disclosures from Wa
Stock market investors looked prepared for major indexes to open flat to slightly lower on Wall Street Tuesday morning. Warren Buffett has been the object of attention for millions of investors for decades, and the latest release of holdings of his Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) included purchases of a pair of bank stocks. Below, you'll learn more about why Buffett might have chosen Capital One Financial (NYSE: COF) and Bank of America (NYSE: BAC) as his favorite banks right now.
(Reuters) -Shares of Capital One Financial Corp rose on Tuesday, rebounding from two weeks of losses after billionaire investor Warren Buffett's Berkshire Hathaway Inc disclosed it had taken a stake of nearly $1 billion in the credit cards-focused bank. Berkshire acquired 9.92 million shares in Capital One, a stake worth $954 million based on the closing price on March 31, regulatory filings showed on Monday. Famous for its credit-card advertising slogan "What's in your wallet?", McLean, Virginia-based Capital One also has a huge auto lending and commercial banking business.
Investing.com -- Stocks in focus in premarket trade on Tuesday, May 16th. Please refresh for updates.
Stocks moving in after-hours: Berkshire Hathaway, Capital One, Beam, Tesla
Investing.com - U.S. stock futures were trading in a tight range during Monday's evening deals, after major benchmark averages finished higher during the regular session as debt ceiling negotiations between congressional leaders and President Joe Biden.
Among the larger banks, there is one stock in particular that might not be the bargain it seems to be (at least not right now): Capital One Financial (NYSE: COF). Capital One Financial is the ninth-largest bank in the country with $472 billion in assets as of March 31. It is most familiar as one of the largest issuers of credit cards in the U.S. About 44%, or $137 billion, of its $309 billion in total loans last quarter was for credit cards.