JPMorgan analyst Richard Shane lowered the firm’s price target on Capital One to $120 from $124 and keeps an Overweight rating on the shares post the Q4 results. The analyst believes Capital One offers the most attractive return potential in the card space. However, it sees some net interest margin compression in 2023 from rising deposit costs.
Published first on TheFly
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- Capital One Reports Fourth Quarter 2022 Net Income of $1.2 billion, or $3.03 per share
- Capital One reports Q4 adjusted EPS $2.82, consensus $3.84
- Capital One options imply 4.7% move in share price post-earnings
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