Capital One: Financial Winner
NEW YORK (TheStreet) -- Capital One (COF) was the winner among the largest U.S. financial names on Thursday, with shares 3% to close at $51.72.
The broad indexes ended mixed, after the U.S. Labor Department reported 370,000 first first-time jobless claims for the week ended May 19, improving from an upwardly revised 372,000 the previous week. Meanwhile, the U.S. Commerce Department reported that durable goods orders rose 0.2% in April, which was less than the 0.5% increase expected by economists polled by Thomson Reuters. Durable goods orders in March in March declined by a revised 3.7%.
Also on Thursday, the Federal Deposit Insurance Corp. reported that the U.S. banks and thrifts earned a combined $35.3 billion during the first quarter, for the industry's best performance since the second quarter of 2007.
The KBW Bank Index (I:BKX) rose slightly, to close at 44.19.
Capital One's shares have now returned 23% year-to-date, following a flat return 2011.