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Stock impact report

“Let it go Down,” Says Jim Cramer on Capital One (COF) [Yahoo! Finance]

Capital One Financial Corporation (COF) 
Last capital one financial corporation earnings: 4/23 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Banking giant Capital One Financial Corporation (NYSE:COF) has been in the news lately due to President Trump's suggestion of capping credit card interest rates. The firm also generated headlines lately after it announced that it would acquire corporate card issuer Brex. Following the deal, BTIG kept a Buy rating on the shares but lowered the price target to $270 from $308. The financial firm pointed towards earnings dilution and lower share repurchases from the deal. Wolfe Research also cut Capital One Financial Corporation (NYSE:COF)'s share price target to $280 from $294 and kept an Outperform rating on the stock. Wolfe Research based its coverage on the expected marketing and operating expenses after the bank's earnings report. Cramer commented on the Brex acquisition and the recent weakness in Capital One Financial Corporation (NYSE:COF)'s shares: “This was an amazing conference call. They bought this terrific company Brex. I didn't nearly even know how much business that Brex Show less Read more
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