BMO Capital analyst James Fotheringham raised the firm’s price target on Capital One to $125 from $124 and keeps a Market Perform rating on the shares. The company reported a marketing cost-driven miss, though the firm is largely maintaining its earnings estimates – nudging its FY24 view up 3c to $13.18 and its FY25 view up 12c to $16.55 – modeling higher than previously estimated net interest income being offset by higher expected credit and operating costs, the analyst tells investors in a research note.
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