Capital One (COF) Rides on Buyouts & Loans, Asset Quality Ails
COFCapital One(COF) Zacks Investment Research·2024-03-09 00:16

Capital One Financial Corp. (COF) is well-poised for revenue growth on the back of strategic acquisitions and steady loan demand. Higher interest rates and a strong balance sheet position will continue to support its financials. However, rising expenses and weak asset quality remain major near-term concerns. Capital One is focused on growing inorganically. In February 2024, COF announced a $35.3 billion all-stock deal to acquire Discover Financial (DFS) , with the aim to reshape the landscape of the credit ...