Capital One Financial has spent more than a year integrating Discover while investors watch whether the massive acquisition can translate into faster growth and stronger returns.
The latest monthly data gave Wall Street a mixed picture. Capital One (COF) posted healthy credit trends in July, but growth in its domestic card portfolio slowed from the prior month.
Bank of America is still sticking with the stock.
In a note given to TheStreet, BofA ******* yst Mihir Bhatia maintained a Buy rating and a $253 price objective on Capital One, representing 11.3% upside from the $227.34 share price used in the report.
Bhatia said July's operating metrics remained healthy overall, pointing to solid credit performance even as card balances grew at a slower pace.
#discover
The latest monthly data gave Wall Street a mixed picture. Capital One (COF) posted healthy credit trends in July, but growth in its domestic card portfolio slowed from the prior month.
Bank of America is still sticking with the stock.
In a note given to TheStreet, BofA ******* yst Mihir Bhatia maintained a Buy rating and a $253 price objective on Capital One, representing 11.3% upside from the $227.34 share price used in the report.
Bhatia said July's operating metrics remained healthy overall, pointing to solid credit performance even as card balances grew at a slower pace.
#discover
20 days ago
