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Earnings Expectations for the Week of January 16
Sunday, January 15, 2012 - 3:47pm | 1524This week will offer a good look at the state of the financial sector as many of the big banks share their fourth-quarter results. JP Morgan Chase (NYSE: JPM) broke the ice on Friday, reporting a decline in earnings that was more than analysts had estimated. Wells Fargo (NYSE: WFC), Goldman Sachs (...
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Goldman Sachs Comments on Volatility
Wednesday, July 27, 2011 - 6:58am | 215Goldman Sachs commented on market volatility. In a research report published today, Goldman named companies it believes are best investment in these volatile times. In the report, Goldman states, “In the face of a flattish S&P 500 we encourage investors to utilize straddles as a method to...
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Piper Jaffray Reiterates Neutral and PT of $40 on Capital One Financial
Friday, June 17, 2011 - 7:48am | 182Piper Jaffray reiterates its Neutral rating on Capital One Financial (NYSE: COF). At the same time, Piper Jaffray left its price target on the company's stock unchanged at $40. In a research report published today, Piper Jaffray commented on the company's acquisition of ING Direct. In the report,...
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Oppenheimer Maintains Perform on Capital One Financial
Friday, June 17, 2011 - 7:34am | 159Oppenheimer is out with its report today on Capital One Financial (NYSE: COF), maintaining Perform. In a note to clients, Oppenheimer writes, "Although we like the business model and believe that COF has a valuable franchise, revenue and pre-provision earnings comparisons will be very difficult...
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Citi Updates 6/16
Thursday, June 16, 2011 - 8:02am | 742Citi made a number of updates in a research report published today. Solar Capital (NASDAQ: SLRC) has been downgraded from Hold to Buy. At the same time, Citi reduced its price target on the companies stock from $28 to $26. In the report, Citi states, "We are downgrading the shares of SLRC to a...
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KKR Eyes Minority Stake in ING Direct USA
Thursday, June 9, 2011 - 9:11am | 213Leveraged-buyout company KKR (NYSE: KKR) is reportedly interested in acquiring a minority stake in Dutch lender ING Groep's (NYSE: ING) U.S. online bank, ING Direct USA. General Electric (NYSE: GE) and Capital One Financial (NYSE: COF) submitted their bids for the U.S. unit last week. GE has made...
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Citi Reiterates Buy on Capital One Financial (COF)
Monday, May 16, 2011 - 8:18am | 98Citi is out with its report today on Capital One Financial (NYSE: COF), reiterating Buy. In a note to clients, Citi writes, "Overall, April results were solid with further improvement in credit and stabilization in US Card balances. Despite the strong YTD performance (+23% vs. BKX -5%), we see...
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Capital One Reports February Stats, Citigroup Maintains Buy Rating
Tuesday, March 15, 2011 - 9:07am | 132Citigroup has published a research report on Capital One Financial Corporation (NYSE: COF) after the company reported its February statistics on credit card balances. In the report, Citigroup writes "Overall, February results were as expected with further improvement in credit offset by seasonal...
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J.P. Morgan Raises COF Estimates
Friday, January 21, 2011 - 11:37am | 69J.P. Morgan is increasing its 2011 EPS estimate on Capital One Financial (NYSE: COF) to $4.58 from $4.57. “Our revised assumptions include higher loan growth, largely offset by greater marketing spend,” J.P. Morgan writes. “Our 2012 estimate declines slightly to $4.77 (from $4.79). This adjustment...
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Credit Suisse Raises COF Estimates
Friday, January 21, 2011 - 10:17am | 72Credit Suisse is raising its estimates on Capital One Financial (NYSE: COF). “We are raising our 2011 and 2012 EPS estimates to $5.00 and $5.20 (from $4.70 and $5.00) to reflect a higher revenue margin run-rate,” Credit Suisse writes. “We are also establishing a 2013 EPS of $5.50. Our estimate...