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Bullish Case: COF's price-to-book ratio of 0.9 hints at undervaluation against robust historical growth, suggesting room for a rally in price.


Bearish Case: Backwardation in the options market and below-average trading volume indicate skepticism and potential near-term bearish sentiment for COF.


Potential Outcomes:

1) Short-term drop due to bearish sentiment (55%).

2) Post-earnings rally on undervaluation (25%).

3) Continued flat price action reflecting market uncertainty (20%).


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April 12, 2024


Capital One Financial Forecast

COF        Capital One Financial
Price Forecast: NEUTRAL    Price Action: TRENDING (?)











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