Capital One Financial (COF) Misses Q1 EPS
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Credit Suisse cuts estimates on Capital One (COF) following 1Q miss, reiterates Outperform
April 28, 2023 2:42 PM EDTCredit Suisse reiterated an Outperform rating on Capital One Financial (NYSE: COF) and cut their price target on the stock to $108.00 (From $112.00) after the bank holding company reported 1Q results below expectations.
COF reported 1Q EPS of $2.31, below Credit Suisses estimate of $4.00 and the consensus of $3.84. Revenue for the quarter came in at $8.9 billion versus the consensus estimate of $9.06 billion.
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