COF Stock Recent News
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If you're looking for bank stocks to buy, I can safely say that you can cross SIVB Financial Group (NASDAQ: SIVB ) off your list. On Friday, March 10, the California Department of Financial Protection and Innovation appointed the Federal Deposit Insurance Corporation as the receiver.
Capital One posted solid revenue growth in 2022 due to the rising rate environment. But provision for losses took a bite out of net income, returning to pre-pandemic levels.
Capital One's stock (NYSE: COF) has gained roughly 20% YTD, as compared to the 7% increase in the S&P500 over the same period.
Like "awfully good" and "jumbo shrimps," the phrase "cheap compounders" maybe seem like an oxymoron, but they do exist. What is cheap in investing?
Capital One saw its deposit costs rise at a slower pace than many of its peers.
The credit card middleman is right where it doesn't want to be in this economic environment.
Loan losses and delinquencies for the banking giant rose significantly in the fourth quarter.
Capital One's stock (NYSE: COF) increased 11.5% in the last week, significantly outperforming the S&P 500 (up 1.5%).
Financial services holding company Capital One Financial Co. (NYSE: COF) stock has been hit due to its exposure to subprime borrowers. As the economy contracts amidst rising interest rates, middle to lower-income consumers tends to feel the brunt of the financial stress.
Several consumer and credit card lenders reported earnings this week.