The Market Is Up, but This Stock Is Cheap
Stocks have been on a tear in recent months. High interest rates weighed on markets for all of 2022, but falling inflation has investors optimistic the worst may be over. The last several consumer price index readings show slowing inflation.
That has led to a growing expectation that the Federal Reserve will curb its aggressive rate hikes. One stock that has gained almost 30% over the last month is Capital One Financial (NYSE: COF). Despite its recent run-up, the stock trades at a cheap valuation relative to its recent history. In this article, we'll explore aspects of this value stock and assess if it is a solid addition to your investment portfolio today.
Capital One provides financial services to consumers, small business, and commercial clients. It owns a bank where it collects deposits and makes loans, and at the end of the first quarter, its $469 billion in assets had it ranked as the ninth-largest bank in the U.S.
Source Fool.com
