Capital One gives boost to banking sector

Discussion in 'Stocks' started by ASusilovic, Jul 15, 2009.

  1. NEW YORK (MarketWatch) -- U.S. financial stocks rose Wednesday after Capital One Financial Corp. announced better-than-expected charge-off and delinquency rates, making it the leading sector gainer in morning trade.

    COF disclosed in a regulatory filing with the U.S. Securities and Exchange Commission Wednesday that its annualized net charge-offs in June rose modestly to 9.73% from 9.41% in May.

    Every not so bad news, is good news...:)