Credit Suisse analyst Moshe Orenbuch lowered the firm’s price target on Capital One to $108 from $112 and keeps an Outperform rating on the shares. Capital One’s Q1 EPS was below the firm’s estimate, primarily driven by higher provision due to bigger reserve build in credit card and commercial, the analyst tells investors in a research note. The firm sees higher-than-consensus card loan growth, which would drive future NII.
Published first on TheFly
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