Comments for COF - Stockpickr! Your Source for Stock Ideas

Comments for COF

Added By	Comments	Type	Date Added
enjoylife	lousy	Hate	September 15, 2009
franke1567	too uch credit exposure	Hate	September 07, 2009
barrons3	Neutral - Price 35.01 on Sept. 2 by Sterne, Agee & Leach Since the middle of July, the stock prices of consumer lenders have been on the rise, with COF outperforming its peers by a factor of greater than 1.9 to one. The stock is selling within 3% of the upper bound of our valuation range, and we believe a profitable September quarter -- not out of the realm of possibility -- could push the shares close to or above 40. [On a recent selloff, we're] changing our rating from Sell to Neutral. Market cap: $15.8 billion.	Love	September 05, 2009
barrons3	The banks? Crumbling? However, most of the crumbling stocks don't even trade. The ones that do are acquirers and they are going higher, not lower. Capital One (COF) says things are better; SunTrust (STI) says things are worse.	Love	August 27, 2009
Stockpickr Staff	In an <a href="http://www.thestreet.com/p/_search/rmoney/jimcramerblog/10587261.html" target="_blank"> Aug. 21 blog post</a>, Cramer wrote: "Capital One is up gigantically now, again after legislation that was supposed to kill it. Sign of peaking charge-offs." And in an <a href="XXX" target="_blank">Aug. 7 post</a>, he wrote: "In fact, I would like to think that mortgages and credit cards are the only real problems, and I can't believe that Capital One, American Express or <B>Target </B>(TGT) -- all of which have seen stability for several months now -- are that much better at issuing cards than <B>Citigroup</B> (C)."	Love	August 24, 2009
barrons3	Remember that many of them had broken down to the levels where their secondaries had been put on or below them, with BB&T (BBT) and Wells Fargo (WFC) hanging by a thread and PNC (PNC) really breaking down. Not only that, we had Capital One (COF) getting crushed.	Love	July 16, 2009
stockman13	to much exposure to credit card failures.	Hate	July 16, 2009
barrons3	I think charge-offs are a problem for Bank of America (BAC), JPMorgan (JPM) and Capital One (COF), adds Tim Seymour. I’d be cautious of any bank that made their name on credit cards.	Love	July 08, 2009
Stockpickr Staff	"Granted, other banks like Bank of America (BAC), American Express (AXP), JPMorgan Chase (JPM) and Capital One (COF) are feeling the squeeze as more consumers have trouble paying their bills." <a href="http://www.thestreet.com/story/10532994/1/five-dumbest-things-on-wall-street-july-2.html" target="_blank">Read more here.</a>	Love	July 02, 2009
barrons3	Capital One (COF) has never been in the black, but now you are being roasted alive on that one.	Love	June 25, 2009
barrons3	The idea of anyone defending these companies seems pretty daunting. I think that these stocks should be sold and sold now, as the rhetoric will only grow. If you want to see what can happen, take a look at Capital One Financial (COF), which was PENO last month.	Love	June 11, 2009
J.P.	JUNK	Hate	June 10, 2009
Stockpickr Staff	Host Erin Burnett asked Cramer for his "biggest gamble" pick of 10 TARP repayers, and Cramer picked Capital One (COF). "The biggest high-risk/high-reward play in this group is Capital One," he said. It "could be a gigantic stock, if you believe, as I do, that the economy's not running off the rails." (<a href="http://www.thestreet.com/story/10511451/1/cramers-stop-trading-capital-one.html" target="_blank">Cramer's "Stop Trading!" 6-9-09</a>)	Love	June 10, 2009
jmheff	credit card shake out	Hate	June 03, 2009
pottermus	I can not get in time with it's moves.	Hate	June 01, 2009
barrons3	Cramer said the government has the ability to hurt businesses more than any other entity. Such is the case with Obama's new credit card bill, he said, which limits the fees companies like Cramer favorite Capital One (COF) can charge cardholders.	Love	May 27, 2009
barrons3	Cramer said his least favorite bank, Capital One (COF), which squarely is in the crosshairs of President Obama's credit card reform initiatives.	Love	May 21, 2009
alanscott5	Charting	Love	May 17, 2009
barrons3	Capital One (COF)? This is the diciest, in that we got a quadruple quickly without any turn in the business. The fact that it "didn't need" capital was perceived as being a "sham" by many shorts I have talked to. I am biased: I told people to sell it at $25. That's where I want the deal if I want in.	Love	May 14, 2009
Stockpickr Staff	"If Wells Fargo went up 6, isn't it reasonable to presume that Bank of New York Mellon (BK), KeyCorp (KEY), Capital One (COF), BB&T (BBT) and no doubt all of the others, would do the same?" (<a href="http://jimcramer.rmblogs.thestreet.com/entry.aspx?q=8f053f2a-e87f-4c21-b108-9c07006a98f7" target="_blank">"A Bevy of Bank Offerings," 5-12-09</a>)	Love	May 13, 2009
barrons3	Credit-card specialists American Express and Capital One (COF) were strong; AmEx (AXP) shares rose 17% in the five sessions to $28.40, and Capital One gained 81% to $31.34. Because the stress tests took a rosier-than-anticipated view of potential credit-card losses, AmEx and Capital One weren't deemed to be capital-deficient. Many on Wall Street had expected that Capital One would be forced to boost capital.	Love	May 09, 2009
Stockpickr Staff	"We would have freaked out at the bad news from Capital One (COF), at the bad loans. Instead, you had to buy it in the aftermarket last night at $13 because the darned thing's unchanged." (<a href="http://jimcramer.rmblogs.thestreet.com/entry.aspx?q=d519e6e3-cb8f-446f-9a6d-9bf300fd23ea" target="_blank">"So Much Strength," 4-22-09</a>)	Love	April 23, 2009
Stockpickr Staff	<a href="http://www.thestreet.com/story/10487603/1/financial-winners-and-losers-citigroup.html" target="_blank">Read more here.</a>	Love	April 17, 2009
Stockpickr Staff	<a href="http://pjava.thestreet.com/story/10486962/1/financial-winners-losers-jpmorgan.html" target="_blank">Read more here.</a>	Love	April 16, 2009
Carl Dorf	haven't seen nothing yet in the way of losses yet to come	Hate	April 06, 2009
sarah z	From a recent Mad Money show:"They're a very good lender, but I'm concerned about the credit card business. I can't pull the trigger."	Love	March 19, 2009
Stockman0212	Financial	Hate	February 15, 2009
sarah z	Back in December, I told you all about how credit card firms were behaving badly. I also told you about steps that the government was taking to rein in abuses from the credit card companies. You know, things like changing and extending late payment notices, eliminating double-billing cycles, ending universal defaults (where lenders can hike interest rates on one card because you were late paying another card) and even changing the physical look of credit card statements so consumers could actually understand them. Excuse me? A break or two for credit card consumers? What a revolutionary concept. But one item I wrote about, how card companies are sticking it to consumers by closing dormant accounts and slashing card limits to unsuspecting consumers, still bugs me. First, having your card closed down or your credit limit reduced can a have serious, negative impact on your financial life. Specifically, it can slash your credit score, which I like to call my personal financial lifeline. And nobody, but nobody, messes with my financial lifeline. And nobody should mess with yours either. Credit limits have a lot to do with your credit score. It gets kind of dicey but stay with me. Roughly 15% of your credit score is based on loan longevity, like how long you had a home equity loan or how long you had a credit card. An additional 30% of your credit score is based on the percentage of your credit limit actually used, according to the National Foundation for Credit Counseling. So if you had a credit card balance of $5,000 on a $20,000 line of credit, and your issuer cut your credit limit to $10,000, your credit limit, based on your $5,000 balance, just shot up from 25% to 50%. Credit report agencies like to see your credit limit under 30% or 35%. So anything higher can ding your credit score. Don't think having your card cut up, or having your credit limit slashed can't happen to you. Bank of America (BAC), Capital One (COF) and JPMorgan Chase (JPM) have all come out and said they are closing inactive accounts. And American Express (AXP), Wells Fargo (WFC), Citigroup (C) and others have already begun hacking away at customer credit limits. If you're a threat to profits, then trust me, you're in your credit card company's crosshairs. Consequently, you need to take strong steps if your card company comes after you. Why? Because credit score companies don't like it when your percentage of credit shoots up like that. They also don't like it if your credit card company terminates your card if it has gone unused. All these things can have, as I've said, a detrimental impact on your credit score. So what can you do? Use your card -- sparingly. For starters, if you have a dormant card that you haven't used, use it and buy something small, but needed, like an oil change for your car or a co-pay from a doctor's visit. Aim for anything $50 or below. Then put the card away until next month, where you'll repeat the process. Be sure to pay your credit card bill when you get it. That will keep your credit limit from inching up to dangerous levels. Your account will remain active and out of the clutches, since you've used it, of your credit card company. If you have multiple cards, use the oldest ones first. Credit card companies are aggressively going after inactive cards that have been dormant longest. Credit card companies hate keeping inactive accounts going. It costs them money on the administrative end to service dormant accounts, so they prefer to kill your card to save on expenses. If they can reduce their risk exposure in the process, and that's a big deal with card issuers these days, so much the better. A bonus: that credit card you kept active for years, and with a low balance, is a big positive on your credit report. Having it terminated takes away one of your most powerful tools in your credit score arsenal. Don't wait too long. By law, credit card companies have to give you notice -- usually 20 days -- that they plan to shut down your account for inactivity. When you get the news, go back to tip No. 1 and use the card, thus ensuring it remains active. Keep a close eye on your bill. I know, reading the fine print on your credit card bill is about as much fun as standing in the line at the DMV. But you have to do it. By keeping tabs on your credit card bill, you'll always know your available credit limit. If you don't have a bill, flip your card over and look for the customer service number. Call your card issuer and they'll tell your credit limit. That's your first defense in protecting your credit score if your card company decides to lower your limit. Pay down your card balance, and your bills on time. Yeah, right. Call me Captain Obvious. But any financial move you can make that reduces your card's debt balance is a huge positive. Even an extra $25 each month added to your payment can make a big difference. Also, paying on time ensures that your card company won't spring a late payment trap on you. That helps keep the direction of your credit limit on your terms, and those of your card company. Just so you know, I don't like credit cards. Actually, they scare me. I have a debit card from Chase and an American Express card where I pay my balance every month (I use the points I accumulate for gift cards for friends). I did have a Target (TGT) card, but it was an unholy mess. They claimed I owed them money but it wasn't true. So I closed that sucker out, although I'm sure the situation played havoc on my credit score. To this day, I'm still furious about that. But I learned a good lesson -- not to trust credit card companies. So the last time I had a big credit card bill was back in 1984, when I ran up $20,000 in expenses when I moved to New York City. I was so anxious about the bill that I paid off the debt as soon as I got my commission from Goldman Sachs. Even though I've accumulated enough wealth on Wall Street that I don't have to worry about credit card debts, it doesn't make them any less frightening. So let's be serious about what's going on here. After all, credit card companies are serious about taking their frustrations out on you. They're bleeding cash and having customers with inactive accounts and high limits hurts their balance sheets. That doesn't mean you have to sit there and take it. Fight back, Cramerica, by staying one step ahead of your card company, and by using those tips I gave you above.	Love	January 16, 2009
barrons3	I’m short Capital One [COF] for this very reason, explains Karen Finerman. And I think there’s more bad news to come. However, I wouldn’t short JP Morgan [JPM] because they could trade up on other things.	Love	December 03, 2008
icbusiness	?	Hate	November 26, 2008