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Stephanie Link, managing director and portfolio manager at Hightower Advisors, highlights that consumer and credit quality at COF remain excellent, consistent with trends across the banking sector.
She notes that the company outperformed on earnings per share, total revenue, and net interest income, supported by a 25% year-over-year rise in network spend volume. Net charge-offs were less than expectations, and provisions dropped by 74% year-over-year. Link also points to the DFS integration as a driver of expected earnings acceleration in the second half.
Link has previously observed diverging performances across key equity benchmarks, noting that the DJIA approached record highs while SPY, QQQ, SMH, and KOSPI lagged. She has also reported that WMB is targeting a $5.5 billion deal to expand its LNG capabilities. These updates reflect Link’s ongoing coverage of both financial sector trends and major corporate actions.