Wells Fargo analyst Donald Fandetti maintains $Capital One Financial (COF.US)$ with a buy rating, and adjusts the target price from $170 to $185.
According to TipRanks data, the analyst has a success rate of 66.7% and a total average return of 11.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Capital One Financial (COF.US)$'s main analysts recently are as follows:
Capital One's Q3 adjusted EPS of $4.51 was notably above the anticipated $3.81, propelled by an increase in net interest income and a reduction in provisions. The company's quarterly performance is viewed as promising, with loss rates surpassing expectations, a decline in reserve rates from the previous quarter, and steady purchase volume growth, indicating a consumer base that appears to be in good health.
The firm has increased its EPS estimates for 2025/2026 to account for improved credit and other minor model adjustments. Satisfaction was expressed with the third-quarter metrics related to delinquencies, net charge-offs, and the reserve release.
The company showcased a robust quarter characterized by revenue trends that drove favorable earnings. Its management expressed confidence in the macroeconomic environment, with a continued emphasis on growth. Despite credit losses being slightly elevated compared to pre-pandemic figures, there's perceived stability within the core business.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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