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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (212293)	7/24/2009 1:26:35 PM
From: Peter V	Read Replies (2) \| Respond to of 306849

S&P MAINTAINS SELL OPINION ON SHARES OF CAPITAL ONE FINANCIAL 10:44 AM ET 7/24/09 \| S&P Marketscope RELATED QUOTES 1:21 PM ET 7/24/09 Symbol Last % Chg COF 29.93 7.55% Real time quote. COF posts Q2 operating loss of $0.64 vs. EPS of $1.24, $0.14 wider than our estimate. Results include a $1.17 charge related to TARP repayment. While the growth rate of managed chargeoffs declined sequentially, we think it is too early to declare victory, as ultimate unemployment levels are still an uncertainty. Also government regulation will likely have an impact on credit card fees. On lower chargeoff assumptions, we are narrowing our loss estimate by $0.64 to a loss of $1.11. We are also raising our target price $6 to $26, at a below historical 1.0X tangible book value. huh??? the headline says SELL. Maybe because it has already hit 26? .