Is Capital One Financial Stock a Buy?
Banks and other financial institutions are feeling the heat these days as interest rates have fallen, the direction of the economy is uncertain, and people who are out of work may not be able to pay on their loans.
But this isn't the first time this country has dealt with economic fallout, and since the last crisis in 2008-09, banks have worked to be more prepared for events much like the current COVID-19 pandemic and its economic fallout.
Capital One Financial (NYSE: COF) is a somewhat smaller outfit than big bank rivals such as JPMorgan Chase and Bank of America in terms of assets under management. But it has a differentiated approach to banking and is growing. How is it doing during the downturn, and is Capital One Financial a stock that investors should consider?
Source Fool.com
