Capital One (COF) is a Compelling Opportunity - Oppenheimer

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Oppenheimer reiterated its Outperform rating and $68 price target on Capital One Financial (NYSE: COF) Wednesday saying while the stock has been the worst-performing stock in their bank universe the valuation is compelling.

"While the past few months have indeed been trying for shareholders, we still find a lot to like in the stock. COF's is a nicely granular business with clearly visible earnings drivers. Even with the reduced earnings expectations, consensus ROTCE would still be 17% in 2012, not bad in a low-rate, slow-growth environment," the analyst said.

For an analyst ratings summary and ratings history on Capital One Financial click here. For more ratings news on Capital One Financial click here.

Shares of Capital One Financial closed at $53.64 yesterday, with a 52 week range of $47.99-$62.92.

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