79.05 +0.03 (0.04%)
After hours: 6:20PM EDT
|Bid||79.05 x 900|
|Ask||79.24 x 900|
|Day's range||78.30 - 85.21|
|52-week range||38.00 - 107.59|
|Beta (5Y monthly)||1.29|
|PE ratio (TTM)||7.00|
|Earnings date||16 Jul 2020 - 20 Jul 2020|
|Forward dividend & yield||1.60 (2.07%)|
|Ex-dividend date||08 May 2020|
|1y target est||74.96|
Shares of various financial tech and e-commerce companies have jumped today after Visa (NYSE: V) disclosed some encouraging data regarding U.S. payments volumes, spurring hopes that the economy is starting to recover. U.S. spending is starting to recover.
Banks and other financial institutions are feeling the heat these days as interest rates have fallen, the direction of the economy is uncertain, and people who are out of work may not be able to pay on their loans. Capital One Financial (NYSE: COF) is a somewhat smaller outfit than big bank rivals such as JPMorgan Chase and Bank of America in terms of assets under management. How is it doing during the downturn, and is Capital One Financial a stock that investors should consider?
Capital One (COF) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Moody's downgrades the outlook of Capital One (COF) to negative from stable on the expectation that the virus outbreak will lead to deterioration in the bank's credit quality.
The Zacks Analyst Blog Highlights: Ally Financial, Capital One, East West Bancorp, New York Community and Synovus Financial
Capital One Financial Corp <COF.N> told staff on Tuesday the bank's offices in the United States, Canada and the UK will remain closed to all non-essential staff due to the coronavirus outbreak through at least Sept. 7. As other banks are developing plans to gradually return workers to offices, Capital One has adopted one of the toughest stances by a financial services firm to curb the spread of coronavirus and limit staff interaction at its corporate locations. In an internal memo seen by Reuters, Chief Executive Richard Fairbank emphasized that Capital One is an essential business and has remained open since taking moves to have bank staff work remotely in March.
The Financial Select Sector SPDR ETF (NYSEMKT: XLF) was up by about 1.5%, outperforming the market, but not exactly by a huge margin. On the other hand, Capital One Financial (NYSE: COF) was higher by more than 5% on the day. The reason: The difference between Capital One and other major banks is that it is largely focused on credit card lending.
Share prices of Capital One Financial (NYSE: COF), American Express (NYSE: AXP), and Discover Financial Services (NYSE: DFS) have each cratered between 35% and 45% since Feb. 20, when the broader stock market began to fall sharply. Credit card companies are inherently more risky than traditional banks because credit card debt almost always has higher charge-off and default rates than other loan categories, even under normal economic conditions. American Express reported a profit of $367 million, a drop of 76% on an annualized basis .
As of 11:30 a.m. EDT, the Dow Jones Industrial Average and S&P 500 index were both higher, but by less than 0.4% each. Credit card issuers were another story. Discover Financial Services (NYSE: DFS) and Capital One Financial (NYSE: COF) were both higher by nearly 8% on the day.
MCLEAN, Va. (AP) _ Capital One Financial Corp. (COF) on Thursday reported a first-quarter loss of $1.34 billion, after reporting a profit in the same period a year earlier. On a per-share basis, the McLean, Virginia-based company said it had a loss of $3.10. Capital One shares have dropped 49% since the beginning of the year, while the Standard & Poor's 500 index has fallen 13%.
U.S. lender Capital One Financial Corp said on Saturday it would not use a U.S. Commodity Futures Trading Commission (CFTC) waiver after commodity price volatility lifted the bank's derivatives exposure toward a key regulatory threshold. The exemption relieved the firm from a requirement to register as a "Major Swap Participant," or MSP, even though its growing energy swaps exposure was expected to require that by the end of the next quarter. The CFTC had announced the relief for an unnamed lender two weeks ago, and Reuters later reported Capital One was the bank.
WASHINGTON/NEW YORK (Reuters) - U.S. lender Capital One Financial Corp got a waiver from the Commodity Futures Trading Commission (CFTC) after plunging oil prices increased the bank's derivatives exposure above a key regulatory threshold, according to two sources with knowledge of the matter. On Friday, the CFTC said it would temporarily exempt a U.S. bank from a requirement to register as a "Major Swap Participant" even though its growing energy swaps exposure would technically require it to do so by the end of the next quarter. The CFTC did not name the bank on Friday, but the two sources told Reuters it was Virginia-based Capital One, which is best known for its retail lending and credit card business.
The current equity market malaise almost led to a bear market following heavy selling pressure on Monday March 9, with the S&P 500 falling 19% from its recent peak. While volatility is likely to remain high as the range of economic and corporate profit outcomes continues to be considered, and as monetary and fiscal stimulus measures are likely announced, we believe many high-quality stocks have been oversold and represent opportunities for investors on the lookout for bargains. We screened for companies in our coverage universe that have the following criteria: Buy-rated, at least 20% below their 52-week high, a Financial Strength rating of High (indicating a strong balance sheet that can weather a downturn), and where we have at least have a market weight recommendation on the sector. The list of 26 high-quality stocks is below.