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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