On July 8, Capital One Financial declined 3.41% in regular trading, trading at $195.93/share, with turnover of $467 million. The decline comes amid broad-based selling pressure across the consumer finance sector.
On the news front, Barclays recently lowered its price target on Capital One to $242 from $250, maintaining an overweight rating. This marks the latest in a series of target price reductions by major analysts, following cuts by BTIG (to $259 from $270), UBS (to $270 from $283), and Rothschild & Co Redburn (to $275 from $290). The consensus mean price target currently stands at approximately $257.
Within the Consumer Finance sector, all major peers posted losses. Synchrony fell 4.37%, Upstart Holdings declined 5.14%, American Express dropped 2.99%, Dave Inc lost 2.59%, and SoFi Technologies fell 2.51%. Capital One is scheduled to report Q2 earnings on July 21, with analysts expecting EPS of $4.87, following a Q1 result that missed estimates by 2.86%.
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