Previous Close | 99.92 |
Open | 100.48 |
Bid | 102.90 x 1000 |
Ask | 110.00 x 1400 |
Day's Range | 100.02 - 103.10 |
52 Week Range | 83.93 - 128.95 |
Volume | |
Avg. Volume | 3,471,708 |
Market Cap | 39.269B |
Beta (5Y Monthly) | 1.47 |
PE Ratio (TTM) | 7.04 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 2.40 (2.33%) |
Ex-Dividend Date | May 12, 2023 |
1y Target Est | N/A |
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway, made news when he added Capital One Financial to the company's portfolio. Buffett bought nearly 10 million shares; it was the company's first position in the bank. Capital One is the ninth-largest bank in the country, with most of its revenue coming from its credit card business.
The New York City Banking Commission voted to halt deposits into the city's bank accounts at Capital One and KeyBank after the lenders failed to submit plans on their efforts to root out discrimination. City Comptroller Brad Lander joined Mayor Eric Adams and the department of finance to announce the city would stop making deposits into the two banks, Lander said in a statement Thursday.
The New York City Banking Commission voted to halt deposits into the city's bank accounts at Capital One and KeyBank after the lenders failed to submit plans on their efforts to root out discrimination. City Comptroller Brad Lander joined Mayor Eric Adams and the department of finance to announce the city would stop making deposits into the two banks, Lander said in a statement Thursday.
Capital One (COF) will likely witness growth in the top line, supported by higher rates and a solid card business. Elevated costs are expected to hurt profits.
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Everyone else is looking at the past or present. You want to look at the future (like a well-known stock-picker already has).
The conglomerate doesn't pay dividends, but plenty of its holdings put more cash in Buffett's coffers.
Warren Buffett adds Capital One (COF) to his portfolio for the first time. Despite the current tough operating backdrop, you must keep this consumer loan provider on the radar based on solid fundamentals.
The Oracle of Omaha didn't outright say what his expectations are for a recession, or whether there will be one at all.
Buffett unleashes his infamous patience to start 2023 as new portfolio additions are few.
Berkshire Hathaway revealed recently that it initiated a new stake in Capital One during the first quarter.
Shares of many bank stocks rallied this week after being sold off heavily last week. Banks got a lift along with the broader market on news that debt ceiling discussions were progressing, but there was also industry-specific and company-specific news. Shares of the credit card lender Capital One Financial (NYSE: COF) traded more than 11% higher for the week as of noon Thursday, according to data from S&P Global Market Intelligence.
The Oracle of Omaha has made it clear that he is still cautious about holding many bank stocks.
U.S. stock indexes closed lower on Tuesday after a disappointing forecast from Home Depot and U.S. retail sales data for April pointed to softer consumer spending, while uncertainty about interest rates and debt limit negotiations weighed on sentiment. Home Depot declined 2.15% as one of the biggest drag on both the Dow Industrials and S&P 500 after the home improvement retailer cut its annual sales forecast and projected a steeper-than-expected decline in profit.
AlphaSimplex Chief Research Strategist Katy Kaminski reacts to Berkshire Hathaway's $954 million stake in Capital One, commenting on the state of banks and the fixed-income sector amid economic conditions
AlphaSimplex Chief Research Strategist Katy Kaminski and the Yahoo Finance Live team discuss Warren Buffett's Berkshire Hathaway's purchase of Capital One and decision to shed shares of BNY Mellon.
Investing.com -- Stocks were mixed at midday Tuesday as investors waited for clarity on the direction of negotiations over raising the debt ceiling, with a June 1 deadline just weeks away. Here are the market movers for May 16.
Yahoo Finance Live's Julie Hyman discusses Warren Buffett's Berkshire Hathaway investing $954 million in Capital One, shedding shares of regional banks Bank of NY Mellon and U.S. Bancorp, while SVB and Signature Bank executives are set to testify in the Senate on the banking crisis.
Get the latest news on this quarter's 13F disclosures from Wa
Stock market investors looked prepared for major indexes to open flat to slightly lower on Wall Street Tuesday morning. Warren Buffett has been the object of attention for millions of investors for decades, and the latest release of holdings of his Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) included purchases of a pair of bank stocks. Below, you'll learn more about why Buffett might have chosen Capital One Financial (NYSE: COF) and Bank of America (NYSE: BAC) as his favorite banks right now.
(Reuters) -Shares of Capital One Financial Corp rose on Tuesday, rebounding from two weeks of losses after billionaire investor Warren Buffett's Berkshire Hathaway Inc disclosed it had taken a stake of nearly $1 billion in the credit cards-focused bank. Berkshire acquired 9.92 million shares in Capital One, a stake worth $954 million based on the closing price on March 31, regulatory filings showed on Monday. Famous for its credit-card advertising slogan "What's in your wallet?", McLean, Virginia-based Capital One also has a huge auto lending and commercial banking business.
U.S. stock indexes closed lower on Tuesday after a disappointing forecast from Home Depot and U.S. retail sales data for April pointed to softer consumer spending, while uncertainty about interest rates and debt limit negotiations weighed on sentiment. Home Depot declined 2.15% as one of the biggest drag on both the Dow Industrials and S&P 500 after the home improvement retailer cut its annual sales forecast and projected a steeper-than-expected decline in profit. "You can argue that people are tired of spending on the house, they want experiences, they want to go out they want to do other things, they don’t want to fix up the house according to Home Depot, because they had horrendous earnings," said Ken Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida.
Investing.com -- Stocks in focus in premarket trade on Tuesday, May 16th. Please refresh for updates.
(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. reworked its financial-sector bets amid regional bank turmoil, exiting U.S. Bancorp and Bank of New York Mellon Corp. even as it placed a wager on Capital One Financial Corp. Capital One surged as much as 9.6%.Most Read from BloombergMichael Burry Doubles Alibaba Stake in Big Bet on China TechA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for
Berkshire Hathaway Inc on Monday disclosed it has begun investing in Capital One Financial Corp while exiting investments in four other stocks, as the company run by Warren Buffett cut back its exposure to equities. Buffett's company made its disclosures in a regulatory filing listing its U.S.-traded stocks as of March 31. Capital One shares rose 5.4% in after-hours trading following Berkshire's disclosure of a 9.92 million share stake worth about $954 million.