Capital One Shares Touch 52-week High After Earnings
23 January 2020 - 6:10AM
Dow Jones News
By Stephen Nakrosis
Shares of Capital One Financial Corp. (COF) are trading higher
Wednesday, a day after the company reported fourth-quarter earnings
that topped some analysts' estimates.
At 1:34 p.m. EST, Capital One shares were trading 5.1% higher on
the New York Stock Exchange at $107.36. Volume topped 2.8 million
shares, above the 65-day average volume of just over 2 million.
Earlier in the session, the company's shares reached a new
52-week high of $107.59.
Capital One reported fourth-quarter earnings per share of $2.25
and adjusted earnings per share of $2.49. Analysts were expecting
EPS of $2.28 and adjusted EPS of $2.37, according to FactSet.
On Wednesday, a number of analysts raised their price targets on
Capital One's stock. RBC Capital raised its target to $105 a share
from $98, Nomura raised its target to $111 from $108 and Piper
Sandler raised its price target to $117 from $109, as reported by
Benzinga.
BMO Capital cut its price target on Capital One stock to $145
from $153.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 22, 2020 13:55 ET (18:55 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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