QuickStockAnalysis.com

All About Stocks and Market News

Aug-13-2009

Capital One Financial Corp. (ticker: COF) stock analysis

Capital One Financial Corporation (stock quote: COF), through its subsidiaries, provides various financial products and services to consumers, small businesses, and commercial clients in the United States. It also provides consumer credit and debit card products, small business lending, installment loans, home loans, and other unsecured consumer financial services, as well as involves in financing for the purchase of new and used vehicles or other motor vehicles, and the refinancing for the existing motor vehicle loans. The company was founded in 1993 and is headquartered in McLean, Virginia.

Recently Capital One Bank had an amazing rally, driven by the Treasury Secretary Paulson, who bought 45 days ago 17 million shares for a stock price of 21.77. Now, as we can see in the following 3-month chart, the stock price has gone up until 34 dollars per share, quite a chance in these months…

cit.png

This means that Paulson made 50% in some months, and it is more than possible that he already sold these shares. So now, what reason does Capital One has to continue its rally?

I would expect a rebound, but remember that some days ago, Capital One Financial Corporation (NYSE:COF) announced a quarterly dividend of $0.05 per share payable August 20, 2009 to stockholders of record as of August 11, 2009. The company has announced dividends every quarter since it became an independent company on February 28, 1995. Dividends declared by the company are eligible for direct reinvestment in the company’s common stock under its Dividend Reinvestment and Stock Purchase Plan.

All answers regarding this company will be made by the IR contact of COF, at investor.relations@capitalone.com

Sphere: Related Content

Posted under US Stocks
Aug-13-2009

GDP data show recession has ended for Germany, France

GDP data show recession has ended for Germany, France

Germany and France caught economists off guard and returned to growth in the second quarter. Both economies expanded by 0.3%. “The data is very surprising,” French Economy Minister Christine Lagarde said. “After four negative quarters, France is coming out of the red.

Fed holds interest rate, emergency measures

Striving for a “smooth transition in markets,” the Federal Reserve’s Federal Open Market Committee delayed concluding its program to purchase U.S. Treasuries and kept the interest rate at close to zero. “The Fed knows its liquidity programs are essential to investor optimism, so it is not going to do anything to jeopardize the good mood,” said Christopher Low, chief economist at FTN Financial. “The Fed is always the last one to acknowledge that a recovery has begun because it cannot afford to be wrong.

U.K. joblessness to peak in 2011 at 3.25M, economist says

The number of unemployed workers in the U.K. will reach 3.25 million in the first quarter of 2011, said Vicky Redwood, an economist at Capital Economics. That would put joblessness at the same level as 1984, when the country experienced its highest unemployment rate since World War II.

Sphere: Related Content

Posted under General Info
Aug-10-2009

Freddie Mac posts profit, says no capital injection needed

Freddie Mac posts profit, says no capital injection needed

For the first time in two years, Freddie Mac reported a quarterly profit as an accounting change and gains from hedges helped the mortgage giant offset credit losses. Although the firm continues to relay on government support, Freddie Mac executives said it will not need another capital injection from the U.S. Treasury. “Our outlook remains cautious due to rising foreclosures, growing unemployment, tight lending standards and buyers’ reluctance to re-enter the market,” said John Koskinen, interim CEO of Freddie Mac

Investor appetite increases for equity funds worldwide

Investors are continuing to pull money from money-market funds and pouring it back into equity funds, according to data from EPFR Global. The firm said investor appetite increased for exposure to developed markets rather than emerging markets, according to inflows for the week that ended Wednesday. About $8 billion of the $9.56 billion in equity-fund inflows went to those that invest in developed markets.

Sphere: Related Content

Posted under General Info
Aug-6-2009

Judge refuses to approve settlement between SEC and Bank of America (BAC)

Judge refuses to approve settlement between SEC and Bank of America (BAC)

U.S. District Judge Jed Rakoff said it might be unfair to the public to accept a proposed settlement between the Securities and Exchange Commission and Bank of America. The $33 million settlement is related to the bank’s acquisition of Merrill Lynch. “Despite the public importance of this case, the proposed consent judgment would leave uncertain the truth of the very serious allegations made in the complaint,” Rakoff wrote, adding, “The proposed consent judgment in no way specifies the basis for the $33 million figure.” Rakoff scheduled a hearing Monday on the subject.

Two days before Bank of America’s shareholders voted to approve the takeover of Merrill Lynch, the latter’s loss projections increased by almost $2 billion. Bank of America executives concluded that the losses did not need to be publicly disclosed because they were not severe enough, according to internal e-mails and sources.

Lockhart resings as regulator for Freddie and Fannie Mae

James Lockhart, director of the U.S. Federal Housing Finance Agency, said he plans to leave the regulatory agency this month. “Everybody that was involved in the mortgage markets regrets that we didn’t see how bad things were going to get,” Lockhart said. Fannie Mae and Freddie Mac, which are supervised by the agency, recorded $150 billion in combined losses during Lockhart’s tenure and were ultimately seized by the government

Sphere: Related Content

Posted under US Stocks