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
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.