Wells Fargo analyst Donald Fandetti maintains $Capital One Financial (COF.US)$ with a buy rating, and adjusts the target price from $185 to $210.
According to TipRanks data, the analyst has a success rate of 64.7% and a total average return of 12.1% 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:
The November election outcomes have seemingly reignited business and consumer confidence in anticipation of a more pro-business political landscape, lifting U.S. economic expectations while curtailing projections for further Federal Reserve easing. This shift is expected to favorably impact stocks linked to consumer credit and spending, unlike those associated with the mortgage market, which remains muted due to high rates and low housing supply.
The firm remains optimistic about consumer finance stocks heading into fourth quarter results, highlighting improving consumer metrics and regulatory catalysts. Despite modestly higher interest rates, these factors are not seen as detrimental to the fundamental strengths or the performance of the stocks, with a strong belief that the positive momentum will continue for card issuer and network stocks.
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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