Capital One Financial (COF) Sees Bullish Updates from Analysts

Key Highlights

• BofA pointed out that sequential end-of-period domestic card balances grew 127 basis points compared to the previous month.
• This was much lower than the usual 300 basis points growth typically seen in this period.
• Capital One Financial (COF) Sees Bullish Updates from Analysts Previously, on December 8, Wolfe Research initiated coverage of Capital One Financial Corporation (NYSE:COF) with an Outperform rating and a price target of $270.
• The research firm highlighted many key reasons for its positive outlook.
• These include expected gains in Return on Tangible Common Equity (ROTCE), a positive Net Interest Margin (NIM) trajectory, potential for capital returns, and embedded optionality around the Discover Financial Services network.