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Fly News Breaks for July 27, 2015
COF
Jul 27, 2015 | 08:33 EDT
CLSA upgraded Capital One to Buy from Outperform with a $96 price target following the Q2 miss. The firm said underlying core earnings was only a penny miss after adjusting for one-timers, reserve building is well above trend, and ROA and ROTCE are among the best in the industry.
News For COF;COF From the Last 2 Days
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.