Why Shares Of Capital One Are Falling Today

Why Shares Of Capital One Are Falling Today

Shares of Capital One Financial Corp. COF are trading lower after the company reported worse-than-expected Q2 EPS and sales results.

The company reported earnings per share of $4.96, missing the $5.09 consensus estimate and sales of $8.20 billion, which came below the $8.29 billion estimate.

Deutsche Bank maintained a Buy rating on the stock and lowered its price target from $192 to $170 following the report

Capital One is a diversified financial services holding company headquartered in McLean, Virginia. Originally a spinoff of Signet Financial's credit card division in 1994, the company is now primarily involved in credit card lending, auto loans, and commercial lending.

Price Action: Shares were down 4.98% at $108.58 at the time of publication, according to Benzinga Pro.

Photo: Courtesy of nakashi on flickr


 

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