<p>TD Cowen 的分析师 Moshe Orenbuch 维持了对 Capital One Financial 的买入评级。相关的目标价格保持在 290.00 美元不变。</p>
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<p>Orenbuch 给予买入评级是基于与 Capital One 的盈利质量、战略定位和估值相关的多种因素。他指出，第四季度核心盈利略微超出预期，尤其是在消费领域的净利息收入强于预期，支持了收入增长，尽管更高的运营费用抵消了大部分的上行空间。管理层的评论表明，信用趋势在之前改善后正在稳定，信用卡损失略好于预期，贷款增长与预期一致，这增强了对盈利可持续性的信心。此外，Capital One 回购的股票超过预期，显示出资产负债表的强劲和资本部署的谨慎。</p>
<p>Orenbuch 还强调了 Discover 和 Brex 交易的战略利益。尽管承认 Brex 收购最初会对每股收益产生压力，但他强调其在小型企业信用卡、支付和贷款方面显著增强 Capital One 增长潜力的可能性，而不会干扰 Discover 的整合或减少计划中的股票回购。他认为 Discover 传统信用卡组合的短期疲软是暂时的，预计一旦技术整合完成并执行新识别的增长计划，增长将重新加速。基于更新的 2026-2027 年盈利预测和将 12 倍倍数应用于其 2027 年估计的目标价格，他认为这些股票相对于当前水平提供了有吸引力的上行空间，支持买入推荐。</p>
<p>Orenbuch 关注金融行业，重点关注 OneMain Holdings、SLM 和 Capital One Financial 等股票。根据 TipRanks 的数据，Orenbuch 推荐股票的平均回报率为 23.9%，成功率为 69.46%。</p>
<p>在昨天发布的另一份报告中，富国银行也维持了对该股票的买入评级，目标价格为 280.00 美元。</p>

<p>TD Cowen 的 Moshe Orenbuch 对第一资本金融维持了买入评级，目标价为 290.00 美元。他指出，信用趋势稳定、净利息收入强劲以及战略性收购是关键因素。尽管运营费用上升，盈利质量依然稳健。第一资本的股票回购显示出资产负债表的强劲，而 Discover 和 Brex 的收购预计将增强小型企业领域的增长。富国银行也支持买入评级，目标价为 280.00 美元。Orenbuch 推荐股票的平均回报率为 23.9%</p>

<p>Moshe Orenbuch, an analyst from TD Cowen, maintained the Buy rating on Capital One Financial. The associated price target remains the same with $290.00.</p>
<div class="lb-trans"><p>TD Cowen 的分析师 Moshe Orenbuch 维持了对 Capital One Financial 的买入评级。相关的目标价格保持在 290.00 美元不变。</p>
</div><h3>Claim 50% Off TipRanks Premium</h3>
<div class="lb-trans"><h3>在 TipRanks Premium 上享受 50% 折扣</h3>
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<li>解锁对冲基金级别的数据和强大的投资工具，以便做出更聪明、更精准的决策</li>
<li>通过最新的新闻和分析保持市场领先，最大化您的投资组合潜力</li>
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</div><p>Moshe Orenbuch has given his Buy rating due to a combination of factors tied to Capital One’s earnings quality, strategic positioning, and valuation. He notes that core fourth-quarter earnings modestly exceeded expectations, with stronger-than-forecast net interest income—especially in the consumer segment—supporting the top line, even as higher operating expenses offset much of the upside. Management’s commentary that credit trends are stabilizing after prior improvement, card losses came in slightly better than anticipated, and loan growth aligned with forecasts underpins confidence in the sustainability of earnings. In addition, Capital One repurchased more stock than expected, signaling balance sheet strength and disciplined capital deployment.</p>
<div class="lb-trans"><p>Orenbuch 给予买入评级是基于与 Capital One 的盈利质量、战略定位和估值相关的多种因素。他指出，第四季度核心盈利略微超出预期，尤其是在消费领域的净利息收入强于预期，支持了收入增长，尽管更高的运营费用抵消了大部分的上行空间。管理层的评论表明，信用趋势在之前改善后正在稳定，信用卡损失略好于预期，贷款增长与预期一致，这增强了对盈利可持续性的信心。此外，Capital One 回购的股票超过预期，显示出资产负债表的强劲和资本部署的谨慎。</p>
</div><p>Orenbuch also emphasizes the strategic benefits of the Discover and Brex transactions. While acknowledging that the Brex acquisition will initially weigh on earnings per share, he highlights its potential to meaningfully enhance Capital One’s growth in small business cards, payments, and lending over time, without disrupting the integration of Discover or reducing planned share repurchases. He views the near-term softness in the Discover legacy card portfolio as temporary, expecting growth to reaccelerate once technology integration is complete and newly identified growth initiatives are executed. With updated 2026–2027 earnings forecasts and a price target derived from applying a 12x multiple to his 2027 estimate, he believes the shares offer attractive upside relative to current levels, supporting a Buy recommendation.</p>
<div class="lb-trans"><p>Orenbuch 还强调了 Discover 和 Brex 交易的战略利益。尽管承认 Brex 收购最初会对每股收益产生压力，但他强调其在小型企业信用卡、支付和贷款方面显著增强 Capital One 增长潜力的可能性，而不会干扰 Discover 的整合或减少计划中的股票回购。他认为 Discover 传统信用卡组合的短期疲软是暂时的，预计一旦技术整合完成并执行新识别的增长计划，增长将重新加速。基于更新的 2026-2027 年盈利预测和将 12 倍倍数应用于其 2027 年估计的目标价格，他认为这些股票相对于当前水平提供了有吸引力的上行空间，支持买入推荐。</p>
</div><p>Orenbuch covers the Financial sector, focusing on stocks such as OneMain Holdings, SLM, and Capital One Financial. According to TipRanks, Orenbuch has an average return of 23.9% and a 69.46% success rate on recommended stocks.</p>
<div class="lb-trans"><p>Orenbuch 关注金融行业，重点关注 OneMain Holdings、SLM 和 Capital One Financial 等股票。根据 TipRanks 的数据，Orenbuch 推荐股票的平均回报率为 23.9%，成功率为 69.46%。</p>
</div><p>In another report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $280.00 price target.</p>
<div class="lb-trans"><p>在昨天发布的另一份报告中，富国银行也维持了对该股票的买入评级，目标价格为 280.00 美元。</p>
</div>

Capital One: Stabilizing Credit Trends, Strategic Acquisitions, and Attractive Valuation Support Buy Rating

- TD Cowen 分析师 Moshe Orenbuch 维持 Capital One 买入评级，目标价 290 美元。  
- Orenbuch 指出第四季度核心盈利超预期，信用趋势稳定，增强盈利可持续性。  
- 富国银行同样维持买入评级，目标价为 280 美元。

Tip Ranks

银行 ETF - PowerShares KBW

CAPITAL ONE FINANCIAL CORP DEP SHS REPSTG 1/40TH INT PERP PFD SER L

DoubleLine Asset-Backed Securities ETF

CAPITAL ONE FINANCIAL CORP DEP SHS REPS 1/40TH INT PERP PFD SER K

金融业 ETF - SPDR

CAPITAL ONE FINANCIAL CORP DEP SHS REP 1/40TH NCUM PFD SER N

CAPITAL ONE FINANCIAL CORP DEP SHS REP 1/40TH NON CUM PERP PFD  I

金融科技指数 ETF - GlobalX

第一资本金融

金融业 ETF - Vanguard

CAPITAL ONE FINANCIAL CORP 4.8% DP SH RP 1/40TH NON CUM PERP PFD J

Janus Henderson Asset-Backed Secs ETF

发现金融

第一资本金融：稳定的信用趋势、战略收购以及有吸引力的估值支撑买入评级