Karam Celia sold $426K of COF

Analysts from Bank of America and Jefferies maintained Buy ratings on Capital One Financial (COF) and Enova International (ENVA), with price targets of $253 and $300, respectively. Both stocks have Strong Buy consensus ratings, with COF at $258.83 and ENVA at $262.17, indicating significant upside potential.

Capital One Financial completed a €1.5 billion senior notes offering in two tranches, maturing in 2032 and 2037, with coupons of 4.326% and 4.832%, respectively. The notes were underwritten by a syndicate including Barclays, Deutsche Bank, and others. The offering diversifies Capital One's funding base and supports balance sheet flexibility.

Twenty-one global financial institutions, including Bank of America (BAC), Goldman Sachs (GS), and Citigroup (C), are forming a company to launch a regulated stablecoin. The initial focus is a U.S. dollar-denominated stablecoin, with plans to expand into other G7 currencies. The stablecoin is expected to launch in the first half of 2027 and will target wholesale, institutional, and retail markets for cross-border payments and digital asset settlements. The venture aims to comply with U.S. and EU

Berkshire Hathaway (BRK.A, BRK.B) shifted to net stock buying in Q2 2026, contrasting Warren Buffett's cash-hoarding stance. Under Greg Abel, it bought Alphabet ($17B), Delta ($1.64B), Lennar ($273M), and Macy's ($101M), while selling Bank of America ($1.7B) and others. Buffett still views the market as overvalued, per a May CNBC interview.

Capital One (COF) reported mixed July data, with healthy credit trends but slower domestic card portfolio growth. Bank of America analyst Mihir Bhatia maintained a Buy rating and $253 price target, citing solid credit performance. COF's card loans grew 1.92% YoY, down from June's 2.58%. The company is integrating Discover, acquired in May 2025, with CEO Richard Fairbank reporting progress. Q2 net income was $3 billion, and revenue increased 4% sequentially to $15.9 billion.

Berkshire Hathaway increased its Alphabet stake 83% to about 106 million shares, worth nearly $38 billion at June 30, after agreeing to buy $10 billion of Alphabet stock in a June private placement and buying 19.6 million shares on the open market, according to a portfolio disclosure. Berkshire also bought net $20 billion of stocks in Q2.