Nomura Securities Maintains a 'Buy' on Capital One Financial (COF); Great Credit, Some Hope on Growth

Nomura Securities maintains a 'Buy' on Capital One Financial (NYSE: COF) price target of $54.00.

Analyst, Brian Foran, said, "Capital One’s monthly master trust data were positive. The headline is the 10% decline in delinquencies this month, but it was also nice to see end of period U.S. card balances higher than the monthly average for the first time in 2012. This implies we’ve finally hit the low point of seasonal shrinkage, and while card balances declined more than we had expected in 1Q hopefully we can get back on a trajectory for growth."

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 $53.47 yesterday.

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