Relatively High Rates, Buyouts Aid Capital One Amid Weak Asset Quality

Key Takeaways COF's Discover deal and solid card segment support growth despite rising credit risks. Relatively high interest rates are boosting COF's net interest income and net interest margin. COF's rising costs and elevated charge-offs challenge its efficiency and asset quality outlook.Capital One Financial Corporation (COF) remains well-positioned for growth on the back of strategic acquisitions, relatively higher interest rates, a strong balance sheet and a solid Credit Card segment. However, an ele ...