Capital One (COF) Stock Falls Ahead of Q2 Earnings
NEW YORK (TheStreet) -- Shares of Capital One (COF) - Get Report are falling by 0.47% to $67.41 in afternoon trading on Wednesday, as the company expects to report its 2016 second quarter earnings after the closing bell on Thursday.
Analysts surveyed by Thomson Reuters expect the McLean, VA-based bank holding company to report $1.86 per share on $6.28 billion in revenue.
Last year, Capital One posted $1.78 per share on $5.7 billion in revenue for the second quarter.
Additionally, Canaccord maintained its "outperform" rating on the stock ahead of earnings, over Discover Financial Services (DFS) who missed its second quarter earnings yesterday.
The firm added that system-wide card loans continue to increase at 8% year-over-year.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate CAPITAL ONE FINANCIAL CORP as a Buy with a ratings score of B-. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: COF
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