BofA Securities Raises Capital One (COF) Price Target to $245

Core Insights - Capital One Financial Corporation (NYSE:COF) is recognized as a strong investment option by Goldman Sachs, with BofA assigning a Buy rating and raising the price target to $245 from $244 [1][2]. Financial Performance - Capital One reported improved net charge-off rates for July, although there was a slight increase in delinquencies [2]. - The bank's card portfolio experienced slow growth, with low single-digit gains, indicating the application of tight underwriting standards [2]. Analyst Perspectives - BofA Securities maintained a Buy rating on COF, highlighting the long-term benefits from the acquisition of Discover [3]. - While COF is seen as a viable investment, analysts suggest that certain AI stocks may present greater upside potential with less downside risk [3].