** Capital One Financial COF.N reported a rise in first-quarter profit on Tuesday, helped by a higher income from interest payments on its credit card debt
** Shares of the consumer lender up 3.1% at $175.47 in premarket trading
** Last week, U.S. banking regulators approved Capital One's $35.3 bln purchase of Discover Financial Services DFS.N
STRONG QUARTER, STABLE TRENDS
** Jefferies ("buy", PT: $200) says COFwell-positioned for growth in both auto and card segments
** Truist ("buy", PT: $215) says key positive was general commentary on the health of consumer spend trends and credit outlook
** TD Cowen ("hold," PT: $180) says co should generate strong card loan growth and build on its transactor business
** RBC ("sector perform," PT: $190) views Q1 as a solid quarter for co, with improvement in year-over-year asset quality metrics
** J.P. Morgan ("neutral," PT: $183) says card spending was stable in Q1, but management notes uptick in recent weeks, driven by Easter holiday
(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com))
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