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Tags: barrons | capital one | banking

Barron's: Capital One Is Banking Bargain, Even With Recent Gains

Barron's: Capital One Is Banking Bargain, Even With Recent Gains
(Mohamed Ahmed Soliman | Dreamstime.com)
 

Monday, 09 December 2019 08:46 AM EST

Shares of Capital One Financial Corp. could climb significantly if investors look beyond its well-known credit card arm to see the bank within it, according to Barron’s.

The U.S. financial newspaper said Capital One is priced at a 25% discount to large, diversified banks, even following a 34% rise in its stock this year, and even as it grows to more closely resemble its bigger peers.

“Now, Capital One has more than 520 bank branches, primarily on the East Coast, and almost $250 billion in customer deposits,” Barron’s said.

The company also is likely to start seeing returns from a branded bank-card deal it agreed With Walmart (WMT.N) last year.

Capital One shares (COF), which recently traded at around $102 Friday in New York, are priced at about 8.3 times 2020 earnings estimates of $11.93 a share, Barron’s said.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
Shares of Capital One Financial Corp. could climb significantly if investors look beyond its well-known credit card arm to see the bank within it, according to Barron’s.
barrons, capital one, banking
139
2019-46-09
Monday, 09 December 2019 08:46 AM
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