Wells Fargo analyst Donald Fandetti raised the firm’s price target on Capital One (COF) to $280 from $265 and keeps an Overweight rating on the shares. Discussing the consumer finance sector ahead of earnings, the firm says it likes the setup into Q4 results with meets and beats, solid 2026 guidance, plus eyes on larger tax refunds in the first half of the year. For 2026, Wells expects guidance to show year-over-year declines in card/auto NCO’s. The firm is still not seeing incremental low-end credit pressure.
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