Capital One (COF) NewsBite - COF Rises on Q3 Earnings
Posted: Friday, October 23, 2009 10:12 AM EDT
By: Market Intelligence Center Staff
Capital One (NYSE: COF) opened at $41.89. So far today, the stock has hit a low of $41.25 and a high of $42.85. COF is now trading at $42.37, up $4.04 (10.54%). Over the last 52 weeks the stock has ranged from a low of $7.80 to a high of $42.99. Shares of COF are trading higher today after the company reported a third-quarter profit of $425.6 million, or 94 cents per share, on revenue of $4.63 billion. Analysts had forecast a profit of 14 cents per share on revenue of $4.11 billion. Technical indicators for the stock are bullish and S&P gives COF a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on COF the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 33 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Capital One (COF) Stock ReportSee what our analysts have uncovered about Capital One (COF).