Capital One Reports First Quarter 2017 Net Income of $810 million, or $1.54 per share
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Capital One Financial (COF) PT Lowered to $101 at Instinet; Reiterates Buy
April 26, 2017 9:57 AM EDTInstinet lowered its price target on Capital One Financial (NYSE: COF) to $101.00 (from $105.00) while maintaining a Buy rating. Core EPS of $1.72 missed consensus estimates of $1.93. Relative to consensus, the core miss was primarily driven by a greater-than-expected reserve build.
Instinet revised 2017 / 2018 EPS estimates to $7.58 (from $7.88) and $8.40 (from $8.79).
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