Capital One Financial Corporation (COF)

Hold Recap: Q2 2026

Credit Powers a 24% EPS Beat and ROTCE Snaps Back to 18%, but the Operating-Leverage Question and Brex Stay Unanswered — Maintaining Hold

Hold Recap: Q1 2026

Stabilizing, Not Re-Accelerating: The Efficiency Reprieve Is Seasonal, Growth Slips Toward 2027, and Brex Closes — Maintaining Hold

Hold Recap: Q4 2025

The Bill for "Invest to Win" Comes Due, and a Surprise $5.15B Brex Deal Stacks On the Discover Integration — Downgrading to Hold

Outperform Recap: Q3 2025

The Capital Return Arrives: $16B Buyback, a 33% Dividend Hike, and an 18.8% ROTCE in the First Clean Combined Quarter — Upgrading to Outperform

Hold Recap: Q2 2025

The Discover Era Opens With an $8.8 Billion Accounting Loss and a $5.48 Adjusted Quarter — Initiating at Hold