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Capital One May Look Cheap, but I'm Not Buying

Capital One May Look Cheap, but I'm Not Buying

Up 30% from December's low, it would be easy to assume shares of Capital One Financial (NYSE: COF) are shaking off 2022's miserable performance. Further bolstering this bullish case for Capital One stock is its unusually low forward-looking price-to-earnings ratio of 7.6, one of the lowest among the major names of the financial sector, in fact. In the long run, Capital One Financial as a company will be fine.