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Goldman Sachs Comments On American Credit Cards
Friday, May 20, 2011 - 7:41am | 143Read More...According to a recent report from Goldman Sachs, credit card stocks have outperformed thus far in 2011; However, due to their belief that credit benefits will soon subside, American Express (NYSE: AXP) seems to be in a better position than Discover Financial Services (NYSE: DFS) and Capital One...
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J.P. Morgan Raises PT On COF To $54
Monday, April 25, 2011 - 8:12am | 99Read More...J.P. Morgan, citing 1Q11 earnings, is raising its price target on Capital One Financial (NYSE: COF) from $52 to $54. Says J.P. Morgan, in the report, “COF 1Q11 earnings rounded out the card group reporting season with the most surprising results. Unexpected margin expansion helped augment core...
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BankUnited rises from dead in successful IPO (BKU)
Monday, January 31, 2011 - 11:18am | 379Read More...Florida's largest financial institution, BankUnited (NYSE: BKU) started crumbling in the wake of the subprime mortgage collapse in 2007. It would eventually be seized by regulators and sold to a group of private investors in May 2009. All told, the collapse cost the Federal Deposit Insurance Corp...
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Capital One's Credit Continues To Improve, Citigroup Reiterates Buy
Monday, August 16, 2010 - 9:56am | 106Read More...Capital One Financial Corporation (NYSE: COF) reported an 87bps decrease in the National Lending net charge-off (NCO) rate to 6.89% while delinquencies were down 10bps to 5.45%, according to Citigroup. Capital One has been weak along with the rest of the market given the soft economy and...
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Capital One Financial (COF) Delinquencies And Charge-Offs Rise
Tuesday, February 16, 2010 - 9:10am | 115Read More...As unemployment rises, credit card delinquencies and charge-offs tend to rise as well. Capital One Financial Corp. (NYSE: COF) reported that for the second month in a row credit card delinquencies and charge offs were up in January. Capital One Financial's U.S. credit card delinquencies rose from 5...
