Capital One’s Stock Moves: A Closer Look at Recent Performance
Solid Growth Despite Setbacks
Capital One Financial Corporation (COF), based in McLean, Virginia, has a market cap of $71.7 billion. The company is a major player in the financial services sector, focusing on consumer and commercial banking, credit cards, and auto loans. Its emphasis on innovative technology aims to provide customers with tailored banking experiences.
Businesses with a market cap of $10 billion or more are labeled as “large-cap stocks,” placing Capital One firmly in this group. The company is well-regarded for using data-driven strategies to enhance consumers’ banking experiences.
Stock Performance Overview
Capital One’s stock has recently decreased by 6.9% from its 52-week high of $198.30, reached on Nov. 6. However, over the past three months, COF stock has risen 29.5%, which is notably higher than the broader Nasdaq Composite’s ($NASX) 16.9% increase during the same period.
For a longer perspective, COF stock shows a 40.8% gain year-to-date and a 56.4% increase over the last 52 weeks. Meanwhile, the Nasdaq Composite has moved up by 31.5% in 2024 and 37% in the past year.
Since mid-September, COF has consistently traded above its 50-day and 200-day moving averages, indicating a strong upward trend.
Quarterly Earnings Insights
After announcing strong Q3 earnings on Oct. 24, Capital One’s shares surged 5.2%. They reported an adjusted EPS of $4.51, far exceeding analysts’ predictions of $3.70. This marks a 1.3% growth year-over-year. Furthermore, the company’s revenue hit $10.01 billion, outpacing expectations with a 5% increase from the previous year.
However, American Express Company (AXP) outperformed both COF and the Nasdaq Composite, with an impressive 58.4% gain year-to-date and a 76.2% increase over the last year.
Analyst Opinions
Wall Street analysts are cautiously optimistic about COF’s future. Out of 19 analysts covering the stock, the consensus rating is “Moderate Buy.” The mean price target of $182.59 indicates that the stock is currently trading at a premium.
On the date of publication, Rashmi Kumari did not hold (either directly or indirectly) any positions in the securities mentioned in this article. All information and data are for informational purposes only. View the Barchart Disclosure Policy for more details. More news from Barchart
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
