Capital One Q3 Earnings Beat on Y/Y Rise in NII, Stock Up 4.9%
COF's third-quarter 2024 results beat estimates on higher NII, loans and deposits. However, higher costs, provisions and lower non-interest income remain woes.
Capital One Card Purchase Volumes Surge 5%, Consumers in ‘Good Shape'
Capital One's most recent quarterly earnings, posted Thursday (Oct. 24) after the bell, indicated that cardholders continued to embrace credit as a key payment method, and consumers remained in “good shape,” according to the CEO. The company's earnings supplementals noted that card purchase volumes were 5% higher, to $166 billion.
Capital One Financial Corporation (COF) Q3 2024 Earnings Call Transcript
Capital One Financial Corporation (NYSE:COF ) Q3 2024 Earnings Conference Call October 24, 2024 5:00 PM ET Company Participants Jeff Norris - SVP, Finance Andrew Young - CFO Richard Fairbank - Chairman and CFO Ime Archibong - Board Member Conference Call Participants Ryan Nash - Goldman Sachs Sanjay Sakhrani - KBW Terry Ma - Barclays Bill Carcache - Wolfe Research Securities Don Fandetti - Wells Fargo John Heck - Jefferies Mihir Bhatia - Bank of America Chase Haynes - Evercore ISI Jeff Adelson - Morgan Stanley Operator Good day, and thank you for standing-by. Welcome to the Capital One Q3 2024 Earnings Call.
Capital One (COF) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for Capital One (COF) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Capital One (COF) Q3 Earnings and Revenues Top Estimates
Capital One (COF) came out with quarterly earnings of $4.51 per share, beating the Zacks Consensus Estimate of $3.70 per share. This compares to earnings of $4.45 per share a year ago.
Consumer lender Capital One's Q3 profit rises as high interest rates boost income
Capital One reported a 1.6% increase in third-quarter profit on Thursday, as elevated interest rates enabled the consumer lender to earn more from customers repaying credit card debt.
New York Investigating Proposed Capital One-Discover Deal
New York Attorney General Letitia James is reportedly investigating Capital One's proposed acquisition of Discover Financial Services. James asked a court for permission to issue subpoenas to Capital One, saying the bank had declined to voluntarily waive federal confidentiality protections, Bloomberg reported Wednesday (Oct. 23).
New York probing whether Capital One-Discover merger violates antitrust law
New York Attorney General Letitia James is investigating whether Capital One's proposed takeover of Discover Financial Services violates the state's antitrust law.
Wall Street's Insights Into Key Metrics Ahead of Capital One (COF) Q3 Earnings
Beyond analysts' top -and-bottom-line estimates for Capital One (COF), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
High Costs & Provisions to Hurt Capital One's Q3 Earnings, NII to Aid
Higher costs and a huge jump in provisions are likely to have hurt COF's third-quarter 2024 earnings, while higher NII and fee income are likely to have aided.
Analysts Estimate Capital One (COF) to Report a Decline in Earnings: What to Look Out for
Capital One (COF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
