Bank of America Reiterates Buy on Capital One Financial Corporation

Bank of America reiterated its Buy rating on Capital One Financial Corporation COF. In a research report published today, Bank of America states, "We remain bullish on COF shares, as we continue to believe the market under- appreciates the earnings leverage from improving credit. Deal risk will likely remain an overhang for the near-term. However, we think COF is fairly disciplined about capital acquisitions, despite a tarnished reputation from the North Fork deal." At the moment, Bank of America has a price target of $65 placed on the company's stock. On Tuesday, Capital One closed the day at $48.43.