Is Capital One Financial Stock Outperforming the Nasdaq?
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Capital One Financial Corporation (COF), headquartered in McLean, Virginia, and with a market cap of $71.7 billion, is a leading financial services company specializing in consumer and commercial banking, credit cards, and auto loans. Known for its commitment to delivering innovative and customer-centric solutions, Capital One focuses on leveraging technology and data-driven strategies to provide seamless financial experiences and empower its customers to achieve their goals.
Companies with a market cap of $10 billion or more are classified as “large-cap stocks,” Capital One Financial fits this category. As a prominent financial services company, Capital One specializes in consumer and commercial banking, credit cards, and auto loans, leveraging technology and data-driven innovation to deliver personalized financial solutions and empower customers with accessible and seamless banking experiences.
The financial sector giant has fallen 6.9% from its 52-week high of $198.30, which it hit on Nov. 6. However, COF stock is up 29.5% over the past three months, outperforming the broader Nasdaq Composite’s ($NASX) 16.9% gain during the same time frame.
In the longer term, COF has achieved a 40.8% gain on a YTD basis and a 56.4% increase over the past 52 weeks. By comparison, the NASX has risen 31.5% in 2024 and 37% over the same period.
COF has maintained a position above its 50-day and 200-day moving averages since mid-September, highlighting a sustained bullish trend.
Capital One's shares jumped 5.2% following the release of its robust Q3 earnings on Oct. 24. The company delivered an adjusted EPS of $4.51, significantly exceeding consensus estimates of $3.70 and representing a 1.3% year-over-year growth. Revenue reached $10.01 billion, outpacing analysts’ expectations and marking a 5% increase from the prior year.
Additionally, its rival, American Express Company (AXP), has outperformed COF and NASX, gaining 58.4% on a YTD basis and 76.2% over the past year.
Wall Street analysts maintain a cautiously optimistic outlook on COF’s prospects. Of the 19 analysts covering the stock, the consensus rating is “Moderate Buy.” The mean price target of $182.59 suggests the stock is currently trading at a premium.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.