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Fly News Breaks for January 24, 2018
CAB, COF
Jan 24, 2018 | 07:12 EDT
BMO Capital analyst James Fotheringham raised his price target on Capital One (COF) to $140, saying the company's "growth math" on earnings can transition from a headwind to a tailwind this year on benefits of the U.S. tax reform and Cabela's (CAB) loans acquisition. The analyst maintains that he is bullish on banks this year, and Capital One is his "highest conviction investment recommendation". Fotheringham keeps his Outperform rating on the stock.
News For COF;CAB From the Last 2 Days
COF
Mar 28, 2024 | 12:56 EDT
Bearish flow noted in Capital One with 6,831 puts trading, or 3x expected. Most active are Sep-24 145 puts and Apr-24 143 puts, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 1.79, while ATM IV is up over 1 point on the day. Earnings are expected on April 25th.
COF
Mar 28, 2024 | 06:11 EDT
In a regulatory filing on Wednesday, Discover (DFS) announced that its board accepted the resignation of Michael G. Rhodes from his positions as CEO and President of the company, a member of the board and a director and officer of Discover Bank, each effective April 1. Rhodes, who was not expected to have a long-term role at the combined company after completion of the company's merger with Capital One (COF), informed the board that he has accepted a job offer at another financial institution. Also on Wednesday, Ally Financial (ALLY) announced that Rhodes will be its new CEO, starting at the company on April 29.