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$38.44 -0.45 (-1.16%)
7/3/2008 1:03 PM

Capital One Financial Corp. (COF)

CAPS Rating:
*

A diversified financial services company whose banking and non-banking subsidiaries market a variety of financial products and services.

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1

Avatar SapphireSeas (90.22) Submitted: 5/16/08 9:49 AM : Outperform Start Price: $52.08 COF Score: -14.84

Subprime and Credit crises have pretty much bottomed out.

Capital One probably still has some write-downs to take; however, the upshot is that we're in a Recession, consumers are still tapped out (and will be for a while longer), and credit card debt is set to increase. This is when credit card underwriters make money.

Company is also well-positioned to take advantage of government intervention, low interest rates, and a push to refinance various types of consumer debt.

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