Credit Suisse Reinstates Capital One Financial (COF) at Neutral

Credit Suisse reinstates coverage on Capital One Financial (NYSE: COF) with a Neutral rating and a price target of $90.00.

Analyst M. Orenbuch commented, "COF reported monthly loss and delinquency numbers for November. The US credit card balance growth remains strong, credit losses were in line with seasonality and guidance that charge-off rates would rise in the quarter through early 2016 and that we should expect a FY2016 loss rate of 4.0%. Delinquencies rose 6 bps from October (10 bps y/y)."

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 $72.47 yesterday.

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