Nomura Securities Maintains a 'Neutral' on Capital One Financial (COF); Good June Credit Report

July 16, 2012 9:47 AM EDT
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Price: $87.34 +0.71%

Rating Summary:
    16 Buy, 16 Hold, 3 Sell

Rating Trend: Up Up

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    Up: 30 | Down: 30 | New: 23
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Nomura Securities maintains a 'Neutral' on Capital One Financial (NYSE: COF) price target of $54.00.

Analyst, Bill Carcache, said, "Capital One reported June credit results for its managed loan portfolio. Overall, NCO and loan growth results came in better-than-expected, while the delinquency rate came in slightly below expectations. The Card NCO rate improved significantly, and although card loan growth remained negative, it is moving towards positive territory. Card DQs appear to have approached a bottom and appear to be moving in line with seasonality."

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 $54.42 yesterday.

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