The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ChanceIs who wrote (122758)	5/13/2008 1:46:34 PM
From: ChanceIs	Read Replies (1) of 306849

Capital One falls after Citi says sell >>>From previous post - worth special mention.<<< Shares of Capital One Financial Corp. led all decliners in the financial sector Tuesday, falling 4% after Citigroup analysts called recent gains in the shares overdone and said that the stock should be sold. "While our main concern remains credit-quality deterioration, which appears to be accelerating, we are also increasingly worried about the prospects for near- to intermediate-term revenue growth," the analysts remarked. Citi said it's particularly cautious about slowing loan growth and weakening consumer spending, and added that it expects both metrics to contract.

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