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Stock impact report

Here's Why Capital One Stock Is Getting Crushed by Tariffs [Yahoo! Finance]

Capital One Financial Corporation (COF) 
Last capital one financial corporation earnings: 4/23 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
In a nutshell, the tariff rates were largely far higher than expected and applied to more countries as well. The resulting concerns about their macroeconomic impact sent the S&P 500 down by more than 4% as of 2:30 p.m. ET. Some stocks were faring much worse than the overall stock market, and Capital One Financial (NYSE: COF) is certainly in this category. Shares plunged by about 9% on the tariff news, and there was a good reason for it. Banks ' financial states are highly dependent on the strength of the U.S. economy. In order to keep their lending businesses growing and borrowers' loan default rates low, they need consumer confidence to remain high and unemployment to remain low. When the economy weakens, or even falls into a recession, loan volumes are apt to shrink. And amid a downturn, more people wind up in situations where they are unable to cover their bills, or keep up with their loans and credit card payments. In a nutshell, there is widespread fear that Trump's tarif Show less Read more
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