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Capital One Financial Corporation (COF) [hlAlert]

Rating:
Market Perform
COF

Capital One Financial Corporation (COF) rated Market Perform by Wells Fargo

Posted on: Wednesday,  Dec 16, 2009  8:25 AM ET by Wells Fargo

Capital One Financial Corporation
(NYSE: COF) rated Market Perform by Wells Fargo.

Capital One Financial Corporation is a diversified banking company focused primarily on consumer and commercial lending and deposit origination. Its principal business segments are Local Banking and National Lending. Local Banking includes the Company?s branch, treasury services and national deposit gathering activities; its commercial, branch-based small business lending and certain branch originated consumer lending, and its mortgage servicing activities. The National Lending segment consists of two sub-segments: the U.S. Card sub-segment, which consists of domestic consumer credit and debit card activities and the other sub-segment, which includes the Company?s auto finance and international lending sub-segments. In February 2009, the Company completed its acquisition of Chevy Chase Bank.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/16/2009 8:25 AM Hold
None
40.37
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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