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Benzinga
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Capital One (COF) Shares Are Falling Thursday: What's Happening?

1. COF shares are down 5.49% amidst a sector-wide sell-off. 2. Investors are moving to safe havens like gold, impacting COF's market performance. 3. Concerns over credit quality have heightened following Zions Bancorp's loan loss provision. 4. COF is currently trading 7.4% below its 50-day moving average. 5. Despite declines, COF maintains a strong Momentum score of 77.13.

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FAQ

Why Bearish?

The recent decline reflects broader market stress and credit quality concerns impacting financial institutions.

How important is it?

Investor sentiment has shifted negatively towards financial stocks, directly influencing COF.

Why Short Term?

Current market conditions could cause volatility in the short term, as seen in previous banking crises.

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