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-6.62207800807546E-05 -0.000290698000693555 -0.000178459390387235 -0.000851891052225636 0.00262750586727333 0.00476003946309549 0.00509675529401478 0.00984220373777027
Stock impact report

Capitol Report: Big banks are election losers as Democrat Maxine Waters set to lead key committee, analysts say [MarketWatch]

Capital One Financial Corporation (COF) 
Last capital one financial corporation earnings: 4/23 04:05 pm Check Earnings Report
Company Research Source: MarketWatch
Big banks are election losers as Democrat Maxine Waters set to lead key committee, analysts say Big banks look like losers now that the midterm elections are over, according to some analysts. Democrats took over control of the House of Representatives in Tuesday’s vote, making it likely that Rep. Maxine Waters, a California Democrat, will become chairwoman of the House Financial Services Committee. “We expect the House Financial Services Committee will create an elevated level of headline risk for banks (JPM, GS, MS, COF, and USB) for the next two years,” said Height Capital Markets analysts in a note Wednesday, referring to J.P. Morgan Chase & Co. JPM, +0.75% , Goldman Sachs Group Inc. GS, +0.06% , Morgan Stanley MS, +0.52% , Capital One Financial Corp. COF, -0.10% and U.S. Bancorp USB, -0.85% . Waters is likely to hold many hearings targeting big banks as well as focus on ramping up regulations, though her efforts will be in vain because House-passed legislation won’t Show less Read more
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