Capital One (COF) Posts Quarterly Earnings Results, Beats Estimates By $0.27 EPS
Wednesday, July 13, 2011 1:31 PM

Capital One (COF) announced its quarterly results on Wednesday. The company reported $1.97 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $1.70 by $0.27. The company’s quarterly revenue was up 2.3% on a year-over-year basis.

On a related note, analysts at Keefe, Bruyette & Woods, Inc upgraded shares of Capital One from a "market perform" rating to an "outperform" rating in a research note to investors on Thursday, July 7th. Also, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Capital One from $65.00 to $68.00 in a research note to investors on Monday, June 20th. They now have an "overweight" rating on the stock.

Shares of Capital One (COF) traded down 1.07% during mid-day trading on Wednesday, hitting $51.68. Capital One (COF) has a 52 week low of $36.10 and a 52 week high of $56.26. The stock's 50-day moving average is $51.4 and its 200-day moving average is $50.56. The company has a market cap of $23.525 billion and a price-to-earnings ratio of 7.66.

Capital One Financial Corporation (Capital One) is a diversified financial services company, whose banking and non-banking subsidiaries market a variety of financial products and services. Capital One, National Association (CONA), which offers a range of banking products and financial services to consumers, small businesses and commercial clients. The Company operates in three segments: Credit Card, Commercial Banking and Consumer Banking. The Company’s principal subsidiaries include Capital One Bank, (USA), National Association (COBNA), which offers credit and debit card products, other lending products and deposit products. On February 27, 2009, the Company acquired Chevy Chase Bank F.S.B. (Chevy Chase Bank).

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