Capital One Faces Deteriorating Asset Quality, Rising Costs
Zacks Investment Research | Sep 20, 2017 09:28PM ET
On Sep 20, 2017, we issued an updated research report on Capital One Financial Corporation (NYSE:COF) . The company is currently facing deteriorating asset quality and continued rise in operating expenses. These are expected to keep the company’s bottom line under pressure in the near term. However, its top-line growth might alleviate some pressure.
The Zacks Consensus Estimate for current-year earnings has been revised nearly 1% downward over the past 60 days. Similarly, for 2018, earnings estimates have declined 1.4% over the last 60 days. The stock carries a Zacks Rank #4 (Sell).
Also, shares of Capital One have gained 1.8% over the past three months compared with 3.7% rally of the Zacks Investment Research
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