<p>TD Cowen 的分析師 Moshe Orenbuch 維持了對 Capital One Financial 的買入評級。相關的目標價格保持在 290.00 美元不變。</p>
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<p>Orenbuch 給予買入評級是基於與 Capital One 的盈利質量、戰略定位和估值相關的多種因素。他指出，第四季度核心盈利略微超出預期，尤其是在消費領域的淨利息收入強於預期，支持了收入增長，儘管更高的運營費用抵消了大部分的上行空間。管理層的評論表明，信用趨勢在之前改善後正在穩定，信用卡損失略好於預期，貸款增長與預期一致，這增強了對盈利可持續性的信心。此外，Capital One 回購的股票超過預期，顯示出資產負債表的強勁和資本部署的謹慎。</p>
<p>Orenbuch 還強調了 Discover 和 Brex 交易的戰略利益。儘管承認 Brex 收購最初會對每股收益產生壓力，但他強調其在小型企業信用卡、支付和貸款方面顯著增強 Capital One 增長潛力的可能性，而不會干擾 Discover 的整合或減少計劃中的股票回購。他認為 Discover 傳統信用卡組合的短期疲軟是暫時的，預計一旦技術整合完成並執行新識別的增長計劃，增長將重新加速。基於更新的 2026-2027 年盈利預測和將 12 倍倍數應用於其 2027 年估計的目標價格，他認為這些股票相對於當前水平提供了有吸引力的上行空間，支持買入推薦。</p>
<p>Orenbuch 關注金融行業，重點關注 OneMain Holdings、SLM 和 Capital One Financial 等股票。根據 TipRanks 的數據，Orenbuch 推薦股票的平均回報率為 23.9%，成功率為 69.46%。</p>
<p>在昨天發佈的另一份報告中，富國銀行也維持了對該股票的買入評級，目標價格為 280.00 美元。</p>

<p>TD Cowen 的 Moshe Orenbuch 對第一資本金融維持了買入評級，目標價為 290.00 美元。他指出，信用趨勢穩定、淨利息收入強勁以及戰略性收購是關鍵因素。儘管運營費用上升，盈利質量依然穩健。第一資本的股票回購顯示出資產負債表的強勁，而 Discover 和 Brex 的收購預計將增強小型企業領域的增長。富國銀行也支持買入評級，目標價為 280.00 美元。Orenbuch 推薦股票的平均回報率為 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 的分析師 Moshe Orenbuch 維持了對 Capital One Financial 的買入評級。相關的目標價格保持在 290.00 美元不變。</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>通過最新的新聞和分析保持市場領先，最大化您的投資組合潛力</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 給予買入評級是基於與 Capital One 的盈利質量、戰略定位和估值相關的多種因素。他指出，第四季度核心盈利略微超出預期，尤其是在消費領域的淨利息收入強於預期，支持了收入增長，儘管更高的運營費用抵消了大部分的上行空間。管理層的評論表明，信用趨勢在之前改善後正在穩定，信用卡損失略好於預期，貸款增長與預期一致，這增強了對盈利可持續性的信心。此外，Capital One 回購的股票超過預期，顯示出資產負債表的強勁和資本部署的謹慎。</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 還強調了 Discover 和 Brex 交易的戰略利益。儘管承認 Brex 收購最初會對每股收益產生壓力，但他強調其在小型企業信用卡、支付和貸款方面顯著增強 Capital One 增長潛力的可能性，而不會干擾 Discover 的整合或減少計劃中的股票回購。他認為 Discover 傳統信用卡組合的短期疲軟是暫時的，預計一旦技術整合完成並執行新識別的增長計劃，增長將重新加速。基於更新的 2026-2027 年盈利預測和將 12 倍倍數應用於其 2027 年估計的目標價格，他認為這些股票相對於當前水平提供了有吸引力的上行空間，支持買入推薦。</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 關注金融行業，重點關注 OneMain Holdings、SLM 和 Capital One Financial 等股票。根據 TipRanks 的數據，Orenbuch 推薦股票的平均回報率為 23.9%，成功率為 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>在昨天發佈的另一份報告中，富國銀行也維持了對該股票的買入評級，目標價格為 280.00 美元。</p>
</div>

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

- TD Cowen 分析師 Moshe Orenbuch 維持 Capital One 買入評級，目標價 290 美元。  
- Orenbuch 指出第四季度核心盈利超預期，信用趨勢穩定，增強盈利可持續性。  
- 富國銀行同樣維持買入評級，目標價為 280 美元。

Tip Ranks

銀行 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

金融業 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

金融科技指數 ETF - GlobalX

第一資本金融

金融業 ETF - Vanguard

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

Janus Henderson Asset-Backed Secs ETF

發現金融

第一資本金融：穩定的信用趨勢、戰略收購以及有吸引力的估值支撐買入評級