Here's Why Capital One Financial Stock Is Jumping Today
Shares of Capital One Financial (NYSE: COF) are rising today, up 8.7% as of 12:04 p.m. EDT, after the company posted second-quarter earnings that beat estimates on the top and bottom lines. The bank earned $1.94 per share on $6.7 billion of revenue, exceeding estimates of $1.90 and $6.67 billion, respectively.
Capital One is not the only bank to beat earnings expectations this quarter. In fact, most big banks produced better-than-expected earnings. So why did Capital One's stock price soar while others didn't move nearly as much?
The majority of Capital One's revenue comes from its credit card business. Image source: Getty Images.
Source: Fool.com
Capital One Financial Aktie
141,00 €
0,00 %
Leichte Kaufneigung bei Capital One Financial, mit mehr Buy- als Sell-Einschätzungen.
Ein positives, wenn auch bescheidenes, Potenzial für Capital One Financial mit einem Kursziel von 146 € im Vergleich zum aktuellen Kurs von 141.0 €.
