Steady rate increases could be great for banks [Investment Executive - News]
Capital One Financial Corporation (COF)
Last capital one financial corporation earnings: 4/23 04:05 pm
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Source: Investment Executive - News
(Runtime: 4:58. Read.) ** Steady interest rates could be a shot in the arm for spread-based businesses like banks, says Aylon Ben-Shlomo, principal and client portfolio advisor with Los Angeles-based Aristotle Capital Management. As the era of ultra-low interest rates appears to be coming to an end, the pace of rising rates will be a key factor in who benefits, Ben-Shlomo said. “If we see a healthy economy and interest rates increasing because the rate of growth is increasing, that’s a good thing for lenders, who are eager to lend more,” he said. “If we see interest rates [become] more volatile and gap up, that could be a challenge for spread-based businesses, as their books reset quickly.” He said his team is keeping a close eye on how and why interest rates move. “Ultimately, the focus on interest rates is something that boils down to each specific business model,” he said. Aristotle now has more exposure in the financial sector than it has traditionally had, Ben-Shlomo said.
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News
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- Discover Financial's profit falls on higher loan loss provisions [Reuters]Reuters
- Capital One Financial Co. (NYSE: COF) had its price target raised by analysts at Wells Fargo & Company from $160.00 to $165.00. They now have an "overweight" rating on the stock.MarketBeat
- Capital One Financial Co. (NYSE: COF) was upgraded by analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating. They now have a $189.00 price target on the stock.MarketBeat
- Capital One Financial Co. (NYSE: COF) had its price target raised by analysts at JPMorgan Chase & Co. from $134.00 to $152.00. They now have a "neutral" rating on the stock.MarketBeat
COF
Earnings
- 1/25/24 - Miss
COF
Sec Filings
- 4/12/24 - Form PX14A6G
- 4/8/24 - Form PX14A6G
- 4/3/24 - Form 4
- COF's page on the SEC website