BMO Capital Reaffirms Their Buy Rating on Capital One Financial

By Austin Angelo

BMO Capital analyst Lana Chan reiterated a Buy rating on Capital One Financial (NYSE: COF) yesterday and set a price target of $103. The company’s shares closed yesterday at $81.73.

According to TipRanks.com, Chan is a 5-star analyst with an average return of 16.1% and a 84.9% success rate. Chan covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, Huntington Bancshares Inc, and Cathay General Bancorp.

Currently, the analyst consensus on Capital One Financial is Moderate Buy and the average price target is $96, representing a 17.5% upside.

In a report issued on June 14, RBC Capital also reiterated a Buy rating on the stock with a $93 price target.

The company has a one year high of $96.92 and a one year low of $58.03. Currently, Capital One Financial has an average volume of 3.06M.

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Capital One Financial Corp. is a financial holding company, which engages in the provision of financial products and services. It operates through the following segments: Credit Card, Consumer Banking, and Commercial Banking. The Credit Card segment offers domestic consumer and small business card lending, and international card lending businesses. The Consumer Banking segment consists of branch-based lending and deposit gathering activities for consumers and small businesses. The Commercial Banking segment comprises of lending, deposit gathering and treasury management services to commercial real estate and commercial and industrial customers. The company was founded by Richard D. Fairbank on July 21, 1994 and is headquartered in McLean, VA.