Trump Abandons EU Tariffs, Signaling Resurgence of 'TACO Trade'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: Benzinga
- Tariff Policy Shift: Trump announced he will not impose a 10% tariff on the EU after a productive meeting with NATO Secretary General Rutte, indicating improved relations that are expected to boost transatlantic trade growth.
- Futures Rise: Following this news, S&P 500 futures rose 0.30% to 6,931.00 points, while Nasdaq futures increased by 0.43% to 25,579.00 points, reflecting market optimism about future economic prospects.
- Asian Market Surge: Japan's Nikkei 225 index surged 1.20% to 53,409.16 points, benefiting from strong performances of stocks with European market exposure, showcasing a positive global market reaction to U.S. policy changes.
- Economic Data Focus: Investors are looking forward to upcoming economic reports, including GDP and initial jobless claims, which are expected to significantly impact market sentiment.
Analyst Views on COF
Wall Street analysts forecast COF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COF is 284.22 USD with a low forecast of 256.00 USD and a high forecast of 310.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
16 Buy
2 Hold
0 Sell
Strong Buy
Current: 235.070
Low
256.00
Averages
284.22
High
310.00
Current: 235.070
Low
256.00
Averages
284.22
High
310.00
About COF
Capital One Financial Corporation is a diversified financial services holding company with banking and non-banking subsidiaries. The Company offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. It operates through three segments: Credit Card, Consumer Banking and Commercial Banking. The Credit Card segment consists of its domestic consumer and small business card lending, and international card businesses in the United Kingdom and Canada. The Consumer Banking segment consists of its deposit gathering and lending activities for consumers and small businesses, and national auto lending. The Commercial Banking segment consists of its lending, deposit gathering, capital markets and treasury management services to commercial real estate and commercial and industrial customers. Its principal operating subsidiary is Capital One, National Association, which offers banking products and financial services.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








