The Profile: Capital One Financial (COF)
Financials swooned this week as investors now seem to accept that much of the Trump program is in doubt – at least for 2017. No surprise then that yesterday large-cap financials actually closed down for the year. In our last edition of The Institutional Risk Analyst, "Macro-Prudential Delusions: Bank Credit Outlook 2H 2017," we referred to how in April the forward guidance from Capital One Financial (NYSE:COF) caused financials to begin their swoon six weeks ago. The bank’s