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Fly News Breaks for April 27, 2016
COF
Apr 27, 2016 | 07:29 EDT
Citi analyst Donald Fandetti recommends using the post-earnings selloff in shares of Capital One Financial as a buying opportunity. The stock is trading down 2% due to the large reserve build for the energy portfolio, Fandetti tells investors in a research note. The analyst points out that Capital One's core card and auto businesses performed well in the quarter. He raised his price target for the shares to $85 from $75 and keeps a Buy rating on the name.
News For COF 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.