High Rates, Strategic Buyouts Aid Capital One Amid Weak Asset Quality
Capital One(COF) ZACKS·2024-09-23 20:40
Capital One Financial Corporation (COF) remains well-positioned for growth on the back of strategic acquisitions, high rates, a strong balance sheet and a solid Credit Card segment. However, an elevated expense base and worsening asset quality remain challenges.Capital One’s Growth DriversOpportunistic Acquisitions: Capital One has been engaged in strategic acquisitions to boost its revenues. This February, the company agreed to purchase Discover Financial in a 100% stock deal for $35.3 billion. This move a ...