J.P. Morgan is increasing its 2011 EPS estimate on Capital One Financial COF to $4.58 from $4.57.
“Our revised assumptions include higher loan growth, largely offset by greater marketing spend,” J.P. Morgan writes. “Our 2012 estimate declines slightly to $4.77 (from $4.79). This adjustment also reflects allowance build tied to greater loan growth than we had previously modeled.”
Capital One Financial currently trades at $48.53.
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