Capital One Finl (NYSE:COF) Stock, Quote.Headers.trade-ideas

Capital One Finl

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.

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Investors are anticipating the first cut to the federal funds rate in over four years at the September FOMC meeting. The market is divided on the magnitude of the cut, which could trigger significant reactions. Goldman Sachs data reveals the top S&amp;P 500 stocks to watch during Fed easing cycles.

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Capital One Financial Corporation Depositary shares each representing a 1/40th interest in a share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series I of the Issuer

Capital One Financial Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non- Cumulative Perpetual Preferred Stock, Series J

Capital One Financial Corporation Depositary Shares, Each Representing a 1/40th Ownership Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series K

Capital One Financial Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series L

Capital One Financial Corporation Depositary Shares, Each Representing a 1/40th Ownership Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series N

Across the recent three months, 5 analysts have shared their insights on Capital One Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Capital One Finl, revealing an average target of $162.0, a high estimate of $190.00, and a low estimate of $150.00. This current average reflects an increase of 6.06% from the previous average price target of $152.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1726855263_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A comprehensive examination of how financial experts perceive Capital One Finl is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Keith Horowitz</td>
<td>Citigroup</td>
<td>Announces</td>
<td>Buy</td>
<td>$190.00</td>
<td>-</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$150.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Mihir Bhatia</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$161.00</td>
<td>$158.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$155.00</td>
<td>$148.00</td>
</tr>
<tr>
<td>John Pancari</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$154.00</td>
<td>$155.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Capital One Finl. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Capital One Finl compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Capital One Finl's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Capital One Finl's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/COF/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Capital One Finl analyst ratings.</a>
<h2>Unveiling the Story Behind Capital One Finl</h2>
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.
<h3>Capital One Finl's Financial Performance</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Capital One Finl's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 5.48%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Capital One Finl's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 5.59%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Capital One Finl's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 0.92%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Capital One Finl's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.11%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Capital One Finl's debt-to-equity ratio is below the industry average. With a ratio of 0.81, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Significance of Analyst Ratings Explained</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

The Analyst Landscape: 5 Takes On Capital One Finl

Citigroup analyst Keith Horowitz initiates coverage on Capital One Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) with a Buy rating and announces Price Target of $190.

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Citigroup Initiates Coverage On Capital One Finl with Buy Rating, Announces Price Target of $190

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Shares of companies in the broader financial services and banking sectors are trading higher amid overall market strength following the Fed's rate cut, which could drive a rise in spending and lending demand.

Investors are on edge in the lead-up to the Wednesday Federal Open Market Committee interest rate decision that is expected to deliver the first cut to the federal funds rate <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40921827/fed-decision-is-here-5-things-investors-need-to-know-ahead-of-wednesdays-pivotal-in">in over four years.</a>
The market is divided on the magnitude of the anticipated rate cut. Traders are assigning a 59% probability to a 50-basis-point cut, while a 41% chance is placed on a more modest 25-basis-point reduction. The size of the rate cut is crucial as it could trigger significant market reactions.
Should the Fed opt for a 50-basis-point cut, it may be perceived as an acknowledgment that interest rates are overly restrictive. This could lead to increased expectations for further rate cuts in the coming months, potentially fueling risk sentiment and driving stock prices higher.
Conversely, a 25-basis-point cut might disappoint investors who are betting on a more aggressive measure.
Since the start of 2022, the S&amp;P 500, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), has experienced an average move of plus or minus 1.3% during FOMC events, reflecting the market&#8217;s high sensitivity to Fed policy decisions.
Goldman Sachs equity analysts, including John Marshall, analyzed stock movements during the first rate cuts in the previous three Fed easing cycles (Sept. 18, 2007, July 31, 2019 and March 3, 2020).
The data highlights the average moves of several key S&amp;P 500 stocks with liquid options during these periods.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Rank</th>
<th>Name</th>
<th>Absolute Average Move</th>
</tr>
</thead>
<tbody>
<tr>
<td>1</td>
<td>Caesars Entertainment Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>)</td>
<td>5.9%</td>
</tr>
<tr>
<td>2</td>
<td>Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>5.5%</td>
</tr>
<tr>
<td>3</td>
<td>Capital One Financial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>)</td>
<td>4.6%</td>
</tr>
<tr>
<td>4</td>
<td>Charles Schwab Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>)</td>
<td>4.6%</td>
</tr>
<tr>
<td>5</td>
<td>Mastercard Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>)</td>
<td>4.5%</td>
</tr>
<tr>
<td>6</td>
<td>Fortinet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>)</td>
<td>4.3%</td>
</tr>
<tr>
<td>7</td>
<td>Marriott International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>)</td>
<td>4.2%</td>
</tr>
<tr>
<td>8</td>
<td>American Express Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</td>
<td>3.8%</td>
</tr>
<tr>
<td>9</td>
<td>Newmont Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</td>
<td>3.7%</td>
</tr>
<tr>
<td>10</td>
<td>Deere &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>)</td>
<td>3.6%</td>
</tr>
<tr>
<td>11</td>
<td>BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>)</td>
<td>3.6%</td>
</tr>
<tr>
<td>12</td>
<td>Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td>
<td>3.5%</td>
</tr>
<tr>
<td>13</td>
<td>3M Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>)</td>
<td>3.3%</td>
</tr>
<tr>
<td>14</td>
<td>Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>3.2%</td>
</tr>
<tr>
<td>15</td>
<td>JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td>3.2%</td>
</tr>
<tr>
<td>16</td>
<td>Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>)</td>
<td>3.0%</td>
</tr>
<tr>
<td>17</td>
<td>Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>)</td>
<td>3.0%</td>
</tr>
<tr>
<td>18</td>
<td>Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>)</td>
<td>2.9%</td>
</tr>
<tr>
<td>19</td>
<td>Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>)</td>
<td>2.7%</td>
</tr>
<tr>
<td>20</td>
<td>Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)</td>
<td>2.3%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
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Federal Reserve illustration created using artificial intelligence via MidJourney.

20 S&P 500 Stocks That Move The Most When The Fed Starts Cutting Interest Rates

Stocks held by <a href="https://www.benzinga.com/top-stories/24/07/39677935/credit-card-debt-rises-as-consumers-face-higher-costs-of-living">consumer-lending firms</a> fell last week after Wall Street executives warned of lower-income borrowers&#8217; struggling to pay bills.
What Happened: Banking executives at a recent Barclays conference in New York noted how delinquencies are on the rise, the Wall Street Journal <a href="https://www.wsj.com/finance/americans-credit-debt-spending-interest-rates-f3836f23">reported</a>.
The average interest rate on a credit card as of May was 21.51%, up from around 15% in 2019, Federal Reserve data shows.
About 9.1% of credit card balances turned delinquent over the past 12 months to mark the highest rate in over a decade, according to an August report from the Federal Reserve Bank of New York.
"What that tells you is if people do get behind on their payments in this environment, it's tougher to get out of them," TD Cowen analyst Moshe Orenbuch said.
Read Also: &#8216;<a href="https://www.benzinga.com/real-estate/24/08/40666981/the-time-has-come-to-adjust-cheaper-mortgage-rates-could-be-just-weeks-away-but-it-all-hinges-on-thi">The Time Has Come to Adjust&#8217; — Cheaper Mortgage Rates Could Be Just Weeks Away, But It All Hinges On This Data</a>
Why It Matters: Bread Financial, a credit card company that serves lower-income borrowers, said it expects higher charge-off rates — balances that banks write off as a result of lack of payments — this year.
Late payments and charge-offs on auto loans were higher than expected in July and August as borrowers grapple with the cost of living and a worsening labor market, Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) CFO Russ Hutchinson said.
This worried investors because car payments are usually the last bills to go delinquent because cars are needed for transportation.
The average interest rate on a 60-month loan for a new car was 8.2% as of May, according to Fed data, up from 5.3% in 2019.&nbsp;
Over the past year, roughly 8% of auto loans turned delinquent, according to the New York Fed, the highest rate in over a decade. 
Price Action: Consumer-lending companies trended upward into Tuesday&#8217;s early afternoon trading.
<ul>
<li>Enova International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENVA#NYSE">ENVA</a>) rose 3.48% to $83.32</li>
<li>Qifu Techhnology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) gained 1.02% to $25.17</li>
<li>Regional Management Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RM#NYSE">RM</a>) went up 2.4% to $33.25</li>
</ul>
Car-loan providers also rose on Tuesday.
<ul>
<li>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) inched up 0.93% to $39.47</li>
<li>Ally Financial gained 2.42% to $33.83</li>
<li>Capital One Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) picked up 3.13% to $145.36</li>
</ul>
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<li><a href="https://www.benzinga.com/news/large-cap/23/09/34443643/consumer-confidence-wavers-will-retail-stocks-face-a-reckoning">Consumer Confidence Wavers: Will Retail Stocks Face A Reckoning?</a></li>
</ul>
Image: Shutterstock

Financial giants have made a conspicuous bearish move on Capital One Finl. Our analysis of options history for Capital One Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) revealed 9 unusual trades.
Delving into the details, we found 22% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $209,900, and 3 were calls, valued at $136,750.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $125.0 to $148.0 for Capital One Finl over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Capital One Finl's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Capital One Finl's whale trades within a strike price range from $125.0 to $148.0 in the last 30 days. 
<h3>Capital One Finl Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726591562_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$1.5</td>
<td>$0.45</td>
<td>$1.5</td>
<td>$148.00</td>
<td>$59.5K</td>
<td>250</td>
<td style="text-align: right;">400</td>
</tr>
<tr>
<td>COF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$7.6</td>
<td>$7.2</td>
<td>$7.5</td>
<td>$135.00</td>
<td>$47.2K</td>
<td>923</td>
<td style="text-align: right;">81</td>
</tr>
<tr>
<td>COF</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$9.6</td>
<td>$9.2</td>
<td>$9.38</td>
<td>$140.00</td>
<td>$46.9K</td>
<td>3.6K</td>
<td style="text-align: right;">542</td>
</tr>
<tr>
<td>COF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$7.2</td>
<td>$7.1</td>
<td>$7.2</td>
<td>$135.00</td>
<td>$38.8K</td>
<td>923</td>
<td style="text-align: right;">112</td>
</tr>
<tr>
<td>COF</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$4.9</td>
<td>$4.3</td>
<td>$4.8</td>
<td>$125.00</td>
<td>$36.0K</td>
<td>440</td>
<td style="text-align: right;">153</td>
</tr>
</tbody>
</table>

<h3>About Capital One Finl</h3>
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.
<h3>Present Market Standing of Capital One Finl</h3>
<ul>
<li>With a trading volume of 944,747, the price of COF is up by 3.96%, reaching $146.53.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 37 days from now.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Capital One Finl with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

A Closer Look at Capital One Finl's Options Market Dynamics

Consumers&#8217; wallets should get some relief if the<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40882613/builders-first-source-other-homebuilder-stocks-rise-with-catalysts-such-as-mortgage"> Federal Reserve lowers rates</a> this week, but it won&#8217;t be a huge help, according to Benjamin Ayers, senior economist with Nationwide Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWFAX#NASDAQ">NWFAX</a>).
&#8220;It should put some downward pressure on auto rates, mortgage rates, loan rates, but on the other side of the coin, it should put upward pressure on CD rates and saving rates that you get out there,&#8221; Ayers told Benzinga.
Lowering the Fed interest rate by only 25 or 50 basis points will not mean much for consumers in the short term, he adds.
&#8220;It&#8217;s nice but if you can&#8217;t afford a mortgage at the current level, that&#8217;s not going to change if it goes down by 25 basis points. It&#8217;s more kind of the start of a process,&#8221; he said.
&#8220;Six months, a year, 18 months from now, you&#8217;re going to see much lower rates, and that&#8217;ll really help to juice things, but in the near term, it&#8217;s going to have a pretty negligible impact for most people,&#8221; Ayers says.
A rate cut of 25 or 50 basis points doesn&#8217;t mean rates that affect consumers&#8217; wallets will drop expectedly, said Matt Schulz, LendingTree, Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) chief credit analyst.
Read Also: <a href="https://www.benzinga.com/news/24/09/40763384/federal-reserves-potential-rate-cut-pause-jpmorgans-stock-market-warning-and-more-this-week-in-econo">Federal Reserve&#8217;s Potential Rate Cut Pause, JPMorgan&#8217;s Stock Market Warning, And More: This Week In Economics</a>
&#8220;While lower rates are certainly a good thing for those struggling with debt, the truth is that this one rate cut isn't really going to make much of a difference for most people,&#8221; he said.
&#8220;It doesn't change the fact that the best thing people can do to lower interest rates is to take matters into their own hands.&#8221;
He said the average rate on a new credit card offer should stay at a record high of 24.92% for some time if the Fed lowers rates.
&#8220;While they'll almost certainly fall from record highs in coming months, no one should expect dramatically reduced credit card bills anytime soon,&#8221; he said.
&#8220;Barring the Fed unexpectedly stomping on the gas pedal when it comes to lowering rates, credit card APRs are still going to be high for the foreseeable future.&#8221;
A $5,000 credit card balance would take 27 months and $1,528 in interest to pay off at 24.92% if monthly payments of $250 were made. If the interest rate went down by 0.25% because of a 0.25% Fed rate cut, the interest paid over 27 months would fall by $22, resulting in savings of less than a dollar a month, Schulz noted.
Schulz said auto loan rates will get lower, too, if the Fed reduces rates, but consumers should still shop around for financing from other places besides dealerships because their rates are typically much higher.
Saving rates have already started falling and may keep doing so, but consumers don&#8217;t need to panic, he said.
&#8220;Yields aren't going to fall off a cliff immediately after the Fed cuts rates,&#8221; he said.
Price Action: Mortgage lenders and credit card companies trended upward into Monday&#8217;s late-afternoon trading.
<ul>
<li>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) rose 1.31% to $39.15</li>
<li>Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) gained 3.87% to $20.38</li>
<li>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) went up 1.98% to $133.93</li>
<li>Capital One Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) went up 1.82% to $141.50</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40879982/with-fed-rate-cuts-imminent-heres-which-crypto-sector-could-benefit-the-most-according-to-">With Fed Rate Cuts Imminent, Here&#8217;s Which Crypto Sector Could Benefit The Most, According To Bernstein</a></li>
</ul>
Image: Shutterstock

If Fed Cuts Interest Rates, Credit Card APRs 'Are Still Going To Be High' For Now, Economist Says

Capital One Finl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) short percent of float has risen 5.22% since its last report. The company recently reported that it has 9.15 million shares sold short, which is 2.42% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.29 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Capital One Finl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726509612_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Capital One Finl has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Capital One Finl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Capital One Finl's peer group average for short interest as a percentage of float is 6.68%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

How Is The Market Feeling About Capital One Finl?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$145.00</td>
<td>$49.6K</td>
<td>3.3K</td>
<td>4.6K</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$200.00</td>
<td>$28.0K</td>
<td>5.5K</td>
<td>1.1K</td>
</tr>
<tr>
<td>NBTB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$45.00</td>
<td>$240.0K</td>
<td>137</td>
<td>1.0K</td>
</tr>
<tr>
<td>C</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/17/26</td>
<td>$45.00</td>
<td>$61.2K</td>
<td>82</td>
<td>721</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/13/24</td>
<td>$240.00</td>
<td>$27.7K</td>
<td>25</td>
<td>519</td>
</tr>
<tr>
<td>CG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$42.50</td>
<td>$70.7K</td>
<td>2.4K</td>
<td>363</td>
</tr>
<tr>
<td>GS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$460.00</td>
<td>$26.7K</td>
<td>469</td>
<td>165</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$190.00</td>
<td>$28.3K</td>
<td>1.8K</td>
<td>67</td>
</tr>
<tr>
<td>FI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$155.00</td>
<td>$30.7K</td>
<td>129</td>
<td>15</td>
</tr>
<tr>
<td>FCNCA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1420.00</td>
<td>$43.7K</td>
<td>0</td>
<td>1</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding COF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), we observe a call option sweep with neutral sentiment. It expires in 38 day(s) on October 18, 2024. Parties traded 234 contract(s) at a $145.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $49.6K, with a price of $212.0 per contract. There were 3395 open contracts at this strike prior to today, and today 4612 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a put option sweep with bearish sentiment. It expires in 38 day(s) on October 18, 2024. Parties traded 46 contract(s) at a $200.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $610.0 per contract. There were 5534 open contracts at this strike prior to today, and today 1136 contract(s) were bought and sold. 
• For NBTB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBTB#NASDAQ">NBTB</a>), we notice a call option sweep that happens to be bearish, expiring in 66 day(s) on November 15, 2024. This event was a transfer of 1000 contract(s) at a $45.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $240.0K, with a price of $240.0 per contract. There were 137 open contracts at this strike prior to today, and today 1010 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a put option sweep with bullish sentiment. It expires in 675 day(s) on July 17, 2026. Parties traded 180 contract(s) at a $45.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $61.2K, with a price of $340.0 per contract. There were 82 open contracts at this strike prior to today, and today 721 contract(s) were bought and sold. 
• Regarding AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we observe a call option trade with neutral sentiment. It expires in 3 day(s) on September 13, 2024. Parties traded 50 contract(s) at a $240.00 strike. The total cost received by the writing party (or parties) was $27.7K, with a price of $555.0 per contract. There were 25 open contracts at this strike prior to today, and today 519 contract(s) were bought and sold. 
• For CG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>), we notice a call option sweep that happens to be bullish, expiring in 192 day(s) on March 21, 2025. This event was a transfer of 363 contract(s) at a $42.50 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $70.7K, with a price of $195.0 per contract. There were 2425 open contracts at this strike prior to today, and today 363 contract(s) were bought and sold. 
• For GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we notice a put option trade that happens to be bullish, expiring in 66 day(s) on November 15, 2024. This event was a transfer of 14 contract(s) at a $460.00 strike. The total cost received by the writing party (or parties) was $26.7K, with a price of $1910.0 per contract. There were 469 open contracts at this strike prior to today, and today 165 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a put option trade that happens to be bullish, expiring in 10 day(s) on September 20, 2024. This event was a transfer of 8 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $28.3K, with a price of $3540.0 per contract. There were 1826 open contracts at this strike prior to today, and today 67 contract(s) were bought and sold. 
• For FI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>), we notice a call option sweep that happens to be bullish, expiring in 66 day(s) on November 15, 2024. This event was a transfer of 15 contract(s) at a $155.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $30.7K, with a price of $2050.0 per contract. There were 129 open contracts at this strike prior to today, and today 15 contract(s) were bought and sold. 
• For FCNCA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>), we notice a call option trade that happens to be bullish, expiring in 129 day(s) on January 17, 2025. This event was a transfer of 1 contract(s) at a $1420.00 strike. The total cost received by the writing party (or parties) was $43.7K, with a price of $43750.0 per contract. There were 0 open contracts at this strike prior to today, and today 1 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

COIN

FCNCA

NBTB

10 Financials Stocks With Whale Alerts In Today's Session

CACC

CFBK

FSFG

HBAN

NYCB

VBFC

Shares of bank stocks are trading lower in possible sympathy with Ally, which fell after the company's CFO noted credit challenges among borrowers. The sector earlier reacted to Fed Vice Chair for Supervision Barr previewing Basel and GSIB surcharge re-proposals.

General

Shares of bank stocks are trading lower after Fed Vice Chair for Supervision Barr unveiled Basel and GSIB surcharge re-proposals.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$12.00</td>
<td>$349.6K</td>
<td>39.8K</td>
<td>4.6K</td>
</tr>
<tr>
<td>COF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$145.00</td>
<td>$78.7K</td>
<td>3.2K</td>
<td>3.0K</td>
</tr>
<tr>
<td>RILY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$6.00</td>
<td>$35.0K</td>
<td>128</td>
<td>2.6K</td>
</tr>
<tr>
<td>HOOD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$20.50</td>
<td>$36.5K</td>
<td>4.8K</td>
<td>1.4K</td>
</tr>
<tr>
<td>CRBG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$29.00</td>
<td>$67.5K</td>
<td>6.8K</td>
<td>500</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$202.50</td>
<td>$42.0K</td>
<td>1.0K</td>
<td>349</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$95.00</td>
<td>$27.0K</td>
<td>21.3K</td>
<td>209</td>
</tr>
<tr>
<td>MTB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$165.00</td>
<td>$66.8K</td>
<td>178</td>
<td>102</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$155.00</td>
<td>$58.0K</td>
<td>0</td>
<td>5</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), we notice a call option trade that happens to be bearish, expiring in 137 day(s) on January 17, 2025. This event was a transfer of 999 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $349.6K, with a price of $350.0 per contract. There were 39838 open contracts at this strike prior to today, and today 4626 contract(s) were bought and sold. 
• Regarding COF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), we observe a call option sweep with bearish sentiment. It expires in 46 day(s) on October 18, 2024. Parties traded 125 contract(s) at a $145.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $78.7K, with a price of $630.0 per contract. There were 3232 open contracts at this strike prior to today, and today 3081 contract(s) were bought and sold. 
• Regarding RILY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>), we observe a put option sweep with bearish sentiment. It expires in 11 day(s) on September 13, 2024. Parties traded 200 contract(s) at a $6.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $175.0 per contract. There were 128 open contracts at this strike prior to today, and today 2621 contract(s) were bought and sold. 
• Regarding HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on August 30, 2024. Parties traded 779 contract(s) at a $20.50 strike. This particular put needed to be split into 52 different trades to become filled. The total cost received by the writing party (or parties) was $36.5K, with a price of $47.0 per contract. There were 4899 open contracts at this strike prior to today, and today 1477 contract(s) were bought and sold. 
• For CRBG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRBG#NYSE">CRBG</a>), we notice a call option sweep that happens to be bearish, expiring in 46 day(s) on October 18, 2024. This event was a transfer of 500 contract(s) at a $29.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $67.5K, with a price of $135.0 per contract. There were 6841 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a put option trade that happens to be bullish, expiring in 3 day(s) on August 30, 2024. This event was a transfer of 20 contract(s) at a $202.50 strike. The total cost received by the writing party (or parties) was $42.0K, with a price of $2100.0 per contract. There were 1006 open contracts at this strike prior to today, and today 349 contract(s) were bought and sold. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a call option trade with bearish sentiment. It expires in 501 day(s) on January 16, 2026. Parties traded 41 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $660.0 per contract. There were 21324 open contracts at this strike prior to today, and today 209 contract(s) were bought and sold. 
• For MTB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>), we notice a call option sweep that happens to be bullish, expiring in 18 day(s) on September 20, 2024. This event was a transfer of 88 contract(s) at a $165.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $66.8K, with a price of $760.0 per contract. There were 178 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
• For AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we notice a call option trade that happens to be bullish, expiring in 837 day(s) on December 18, 2026. This event was a transfer of 5 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $58.0K, with a price of $11600.0 per contract. There were 0 open contracts at this strike prior to today, and today 5 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

HOOD

PYPL

RILY

9 Financials Stocks Whale Activity In Today's Session

Whales with a lot of money to spend have taken a noticeably bearish stance on Capital One Finl.
Looking at options history for Capital One Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $283,600 and 6, calls, for a total amount of $1,611,390.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $150.0 for Capital One Finl over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Capital One Finl options trades today is 609.4 with a total volume of 2,194.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Capital One Finl's big money trades within a strike price range of $100.0 to $150.0 over the last 30 days.
<h3>Capital One Finl 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724877082_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COF</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$14.6</td>
<td>$13.5</td>
<td>$14.15</td>
<td>$150.00</td>
<td>$1.4M</td>
<td>159</td>
<td>1.0K</td>
</tr>
<tr>
<td>COF</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$4.0</td>
<td>$3.8</td>
<td>$3.9</td>
<td>$140.00</td>
<td>$249.6K</td>
<td>285</td>
<td>748</td>
</tr>
<tr>
<td>COF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$12.2</td>
<td>$12.0</td>
<td>$12.2</td>
<td>$135.00</td>
<td>$62.2K</td>
<td>2.0K</td>
<td>51</td>
</tr>
<tr>
<td>COF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$46.8</td>
<td>$45.1</td>
<td>$45.47</td>
<td>$100.00</td>
<td>$45.4K</td>
<td>277</td>
<td>10</td>
</tr>
<tr>
<td>COF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$3.6</td>
<td>$3.4</td>
<td>$3.4</td>
<td>$140.00</td>
<td>$34.0K</td>
<td>285</td>
<td>100</td>
</tr>
</tbody>
</table>

<h3>About Capital One Finl</h3>
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.
Having examined the options trading patterns of Capital One Finl, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Capital One Finl's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 1,637,939, the COF's price is up by 1.24%, now at $144.15. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 57 days.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Capital One Finl with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Market Whales and Their Recent Bets on COF Options

B of A Securities analyst Kenneth Bruce downgraded American Express Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) from Buy to Neutral with a <a target="_blank" href="https://www.benzinga.com/quote/AXP/analyst-ratings" rel="noreferrer noopener">price target of&nbsp;$263</a>. The stock price slid after the rerating.
Given the potential for subdued billings volume growth and current premium valuation, Bruce sees limited incremental upside for the stock.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39857569/american-express-q2-earnings-ceo-raises-annual-profit-and-marketing-spend-outlook-after-q2-profit-b" rel="noreferrer noopener">American Express Q2 Earnings: CEO Raises Annual Profit And Marketing Spend Outlook After Q2 Profit Beat</a>
While the analyst maintained a favorable view of American Express&#8217;s long-term execution and strategy, recent commentary from retailers and travel companies suggests the spending backdrop is challenging, even for the high-end consumer.
Commentary from other companies, including Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) suggested continued pressure on the U.S. consumer, Bruce flagged.
Several luxury brands slashed their guidance for the year as the persistent inflation and the higher rate environment impacted U.S. consumer demand.
Bruce also highlighted multiple leisure and travel brands, such as Marriott, Park Hotels, and Host Hotels, reducing their guidance.
In a soft-landing backdrop, Bruce predicted upside potential in credit-sensitive issuers like Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) and Capital One Financial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>).
These companies trade at a lower price-to-earnings multiple relative to American Express and are likely to see more significant improvements in sentiment.
In a challenging spending backdrop, the analyst noted less potential for American Express to deliver fiscal 2024 top-line growth at or above the high end of its 9%-11% revenue growth guidance range.
American Express is trading at 17x fiscal 2025 EPS, a premium to the 14x historical multiple, offering only a 4% upside to Bruce&#8217;s price target. Though the analyst noted the premium as justified given a faster growth algorithm and better credit-profile versus peers, he expected multiple expansions to be complex in a more challenging backdrop.
Price Action:&nbsp;AXP stock traded lower by 3.40% at $244.54 at the last check on Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39889522/american-express-analysts-break-down-credit-trends-future-revenue-surge" target="_blank" rel="noreferrer noopener">American Express Analysts Break Down Credit Trends, Future Revenue Surge</a></li>
</ul>
Image via American Express

Downgrades

Movers

American Express Faces Growth Challenges, Synchrony and Capital One Emerge As Potential Alternatives: BofA Analyst

Warren Buffett, the legendary investor, has disclosed significant stock sales by Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) in the second quarter, including a substantial reduction in its Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) holdings.
What Happened: Buffett&#8217;s company sold over 389 million Apple shares in the second quarter, according to the company&#8217;s latest U.S. Securities and Exchange Commission filing on Wednesday. Despite the sale, Berkshire Hathaway still holds 400 million Apple shares.
The news that Buffett had sold a significant portion of Apple shares was revealed in Berkshire&#8217;s earnings report earlier this month, but the precise number of shares sold only became clear on Wednesday.
Besides Apple, Berkshire Hathaway also trimmed its investments in Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>). Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), Floor &amp; Decor Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FND#NYSE">FND</a>), T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), and Louisiana-Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>). 
The company has boosted its holdings in Chubb Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) to 27,033,784 shares and Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) to 255,281,524 shares. Additionally, it has made new, smaller investments in aerospace parts manufacturer Heico Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with 1,044,242 shares and cosmetics retailer Ulta Beauty Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) with 690,106 shares.
Tesla Inc.&#8216;s CEO Elon Musk commented on Berkshire Hathaway&#8217;s substantial $277 billion cash reserves, predicting changes as T-bill returns decline following the revelation of the conglomerate&#8217;s stake sales. Musk said, &#8220;$277B cash reserves is wild. That will change as the T-bill return drops.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">$277B cash reserves is wild. That will change as the T-bill return drops.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1823865610570490270?ref_src=twsrc%5Etfw">August 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/24/08/40329069/cathie-wood-seizing-low-valuation-opportunity-among-magnificent-7-ark-invest-snaps-up-2-4m-in-al?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood Seizing Low-Valuation Opportunity Among Magnificent 7? Ark Invest Snaps Up $2.4M In Alphabet Shares</a>
Why It Matters: Buffett&#8217;s investment decisions have always been closely watched due to his remarkable track record. This recent move comes at a time when Berkshire Hathaway&#8217;s stock is up over 20% year-to-date, despite <a href="https://www.benzinga.com/general/education/24/08/40317667/berkshire-hathaway-stock-up-19-so-far-in-2024-how-it-stacks-up-against-warren-buffetts-averages">trailing the broader stock markets</a> for much of the year due to its large holding in Apple.
Earlier in August, Buffett&#8217;s decision to sell nearly half of Berkshire&#8217;s Apple stock was seen by Elon Musk as an <a href="https://www.benzinga.com/news/24/08/40152088/elon-musk-says-warren-buffett-is-clearly-expecting-a-correction-after-berkshire-sold-nearly-half-of">indication of an impending market correction</a>. 
Global market volatility has also tested Buffett&#8217;s investments. Despite a significant initial plunge, Berkshire&#8217;s $20 billion investment in Japanese trading giants recovered most of its losses. The <a href="https://www.benzinga.com/markets/asia/24/08/40306868/global-market-turmoil-tests-warren-buffetts-japanese-investments-despite-initial-30-plunge-berkshire">global market turmoil</a> triggered by Japan&#8217;s rate hike had a limited impact on these investments.
Buffett&#8217;s recent stock sales have also contributed to Berkshire&#8217;s cash <a href="https://www.benzinga.com/markets/equities/24/08/40146436/warren-buffetts-berkshire-hathaway-q2-operating-profit-climbs-over-15-cash-hoard-swells-to-277b-">reserves swelling to a record $277 billion</a>. This increase in cash reserves comes despite a 15.5% year-over-year fall in the company&#8217;s second-quarter net earnings, largely due to a decline in investment gains amid volatile market conditions.
Price Action: Berkshire Hathaway Inc.&#8217;s Class A stock closed at $657,122.00 on Wednesday, marking a gain of 1.24%. Year-to-date, it has risen by 19.52%. Meanwhile, Berkshire Hathaway Inc.&#8217;s Class B stock finished at $438.47 on the same day, up by 1.40%. In after-hours trading, it increased 0.14%. Year-to-date, the stock has appreciated 20.97%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40304983/nvidias-earnings-set-for-drop-the-mic-moment-as-investors-anticipate-massive-ai-demand-forecast-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s Earnings Set For &#8216;Drop The Mic&#8217; Moment As Investors Anticipate &#8216;Massive&#8217; AI Demand Forecast From CEO Jensen Huang, Says Tech Bull</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

AAPL

SNOW

TMUS

ULTA

Warren Buffett Still Holds 400M Apple Shares, Reveals New Investments In Ulta Beauty And Heico — Elon Musk Calls Berkshire Hathaway's $277B Cash Reserves 'Wild'

Investors in Capital One Financial Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cof#NYSE">COF</a>) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $75.00 Call had some of the highest implied volatility of all equity options today.
<h3>What is Implied Volatility?</h3>
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
<h3>What do the Analysts Think?</h3>
Clearly, options traders are pricing in a big move for Capital One shares, but what is the fundamental picture for the company? Currently, Capital One is a Zacks Rank #3 (Hold) in the Financial - Consumer Loans industry that ranks in the Top 14% of our Zacks Industry Rank. Over the last 60 days, two analysts have increased their earnings estimates for the current quarter, while five have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from earnings of $4.08 per share to $3.74 in that period. 
Given the way analysts feel about Capital One right now, this huge implied volatility could mean there&#39;s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
<a href="https://www.zacks.com/stock/news/2318120/do-options-traders-know-something-about-capital-one-cof-stock-we-don-t?cid=CS-BENZ-FT-tale_of_the_tape|options-2318120">To read this article on Zacks.com click here.</a>

Earnings

Do Options Traders Know Something About Capital One Stock We Don't?

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Capital One Finl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) short percent of float has fallen 8.47% since its last report. The company recently reported that it has 8.57 million shares sold short, which is 2.27% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.8 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Capital One Finl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722615320_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Capital One Finl has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Capital One Finl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Capital One Finl's peer group average for short interest as a percentage of float is 7.71%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

RBC Capital analyst Jon Arfstrom reiterates Capital One Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) with a Sector Perform and maintains $150 price target.

Reiteration

RBC Capital Reiterates Sector Perform on Capital One Finl, Maintains $150 Price Target

The markets are pricing in the first rate cut in more than four years. As of this writing, it looks like we can expect a 50-basis-point cut on Wednesday, with a 50% probability of a 1.25% cut by December.

The Fed "Train" Is Leaving The Station: Destination Unknown

Barclays analyst Jason Goldberg maintained a Hold rating on Capital One Financial (COF – Research Report) today and set a price target of $154.00. ...

Capital One Financial (COF) Gets a Hold from Barclays

Analysts have been eager to weigh in on the Financial sector with new ratings on Capital One Financial (COF – Research Report) and Bread Financial ...

Analysts Offer Insights on Financial Companies: Capital One Financial (COF) and Bread Financial Holdings (BFH)

Analyst Donald Fandetti of Wells Fargo maintained a Buy rating on Capital One Financial (COF – Research Report), retaining the price target of $170...

Buy Rating Affirmed for Capital One Financial Amid Improving Credit Quality and Attractive Valuation

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Press Releases

Capital One Reports First Quarter 2024 Net Income of $1.3 billion, or $3.13 per share

Dividends

Capital One Announces Quarterly Dividend

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Contracts

Capital One and Walmart Announce End of Consumer Card Partnership Agreement

Capital One Financial Corporation to Webcast Conference Call on Second Quarter 2024 Earnings

New Capital One Study Finds Consumer Spending at Downtown Richmond Small Businesses Has Grown Nearly 50% Since 2019

Capital One Announces Stress Test Results

Capital One Announces Five-Year, $265 Billion Community Benefits Plan in Connection with Discover Acquisition to Advance Economic Opportunity and Financial Well-Being

Capital One Reports Second Quarter 2024 Net Income of $597 Million, or $1.38 Per Share

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Capital One Finl (COF) Forecast

Capital One Finl (NYSE:COF) Stock, Quote.Headers.trade-ideas