J.P. Morgan analyst Richard Shane maintains $Capital One Financial (COF.US)$ with a hold rating, and adjusts the target price from $156 to $157.
According to TipRanks data, the analyst has a success rate of 65.4% and a total average return of 11.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Capital One Financial (COF.US)$'s main analysts recently are as follows:
Consumer finance stocks have surpassed expectations, yielding an average total return of 18% since the beginning of the year. This performance has largely been the result of multiple expansion, rather than upward revisions to earnings forecasts. Investors are recommended to consider taking profits opportunistically. The current market sentiment seems to be overly optimistic, assigning high probabilities to moderate and positive outcomes while underestimating the potential for negative or tail-risk scenarios.
The specialty finance sector is anticipated to experience a dynamic third-quarter earnings season, with central bank rate adjustments and consumer credit stress potentially impacting expectations. A significant emphasis is predicted on the outlooks for net interest income as interest rates fall, and many in the group may face pressure due to asset-sensitive balance sheets.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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