The Business Week 50: Finance Muscles Its Way To The Top
For executives at Capital One Financial, the recent turn in the stock market has been a breath of fresh air. While the credit-card issuer's sales and earnings growth have been hot for years, its stock languished in 1999 as interest rates headed higher. But over the past six months, financial stocks have soared. Capital One shares rose 60% as investors became increasingly confident that the Federal Reserve's rate hikes were coming to an end.
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