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Risk-to-Price Commentary: Franklin Resources Inc. And Capital One Financial Corp. Jul 11 Product Image

Risk-to-Price Commentary: Franklin Resources Inc. And Capital One Financial Corp. Jul 11

  • Published: July 2011
  • Standard & Poors

FEATURED COMPANIES

  • American Express Co.
  • Bank One Corp.
  • Franklin Resources Inc.
  • Janus Capital Group Inc.
  • Leucadia National Corp.
  • Penson Worldwide Inc.
  • MORE

Abstract
Capital One Financial Corp. reported a 50% increase in second-quarter profits Wednesday as net charge-offs improved and provision expenses declined. On a normalized basis, the company earned $2.04 per share, $0.33 higher than the Capital IQ mean estimate of $1.71 and the $1.78 reported for the second quarter of 2010. As a result, Standard & Poor's Equity Research raised its opinion on Capital One shares to buy from hold and upped its 12-month price target to $60 from $56. "Loan balances rose an encouraging 1.5% year over year, while the charge-off rate fell to 2.91% in the second quarter" from 5.35% in the year-ago quarter, Standard & Poor's wrote in a research note. "We see results benefiting from higher net...

Companies mentioned in this report are:
- American Express Co.
- American Express Credit Corp.
- Bank One Corp.
- Leucadia National Corp.
- Bank of America Corp.
- State Street Corp.
- Hibernia Corp.
- PHH Corp.
- Morgan Stanley
- The Goldman Sachs Group Inc.
- Eaton Vance Corp.
- Capital One Financial Corp.
- Franklin Resources Inc.
- TD AMERITRADE Holding Corp.
- Janus Capital Group Inc.
- Raymond James READ MORE >

- American Express Co.
- American Express Credit Corp.
- Bank One Corp.
- Leucadia National Corp.
- Bank of America Corp.
- State Street Corp.
- Hibernia Corp.
- PHH Corp.
- Morgan Stanley
- The Goldman Sachs Group Inc.
- Eaton Vance Corp.
- Capital One Financial Corp.
- Franklin Resources Inc.
- TD AMERITRADE Holding Corp.
- Janus Capital Group Inc.
- Raymond James Financial Inc.
- Penson Worldwide Inc.
- KKR Group Finance Co. LLC

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