|Bid||132.00 x 1100|
|Ask||134.82 x 1100|
|Day's range||132.85 - 136.08|
|52-week range||50.84 - 136.45|
|Beta (5Y monthly)||1.75|
|PE ratio (TTM)||26.02|
|Earnings date||27 Apr 2021|
|Forward dividend & yield||1.60 (1.18%)|
|Ex-dividend date||16 Feb 2021|
|1y target est||142.75|
Capital One Financial (NYSE: COF) is one of the largest banks in the country in terms of assets, with about $363 billion under management as of the end of 2020. While it does have branches, primarily throughout the mid-Atlantic region, it is best known as a credit card issuer. As such, it makes most of its revenue -- about 60% -- from lending money for credit card purchases, generating revenue from interest and swipe fees.
With the unemployment rate at 6%, the lowest level since before the pandemic, and the Institute for Supply Management's manufacturing gauge hitting its highest reading since 1983, the economy is definitely gaining strength. Lenders may have seen the writing on the wall, because the total volume of subprime loans also dropped. While the industry doesn't influence the economy nearly as much as housing, the numbers should get the attention of investors in Capital One Financial (NYSE: COF), Ally Financial (NYSE: ALLY), and Credit Acceptance Corp. (NASDAQ: CACC).
The law firm of Kirby McInerney LLP is investigating claims against Capital One Financial Corporation ("Capital One" or the "Company") (NYSE: COF). The investigation focuses on whether the Company’s board of directors has breached its fiduciary duties to the Company.