Capital One (COF) records y/y increases in revenues and expenses in the second quarter of 2024.
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Capital One Financial is technically a bank, but it is heavily focused on the credit card space. The financial company has long targeted lower-credit-quality customers.
Capital One Financial Corporation (NYSE:COF ) Q2 2024 Earnings Conference Call July 23, 2024 5:00 PM ET Company Participants Jeff Norris - SVP, Finance Andrew Young - CFO Richard Fairbank - Chairman & CFO Conference Call Participants Sanjay Sakhrani - KBW Mihir Bhatia - Bank of America Richard Shane - JPMorgan Ryan Nash - Goldman Sachs Bill Carcache - Wolfe Research Don Fandetti - Wells Fargo Moshe Orenbuch - TD Cowen Operator Good day, and thank you for standing by. Welcome to the Capital One Q2 2024 Earnings Call.
While the top- and bottom-line numbers for Capital One (COF) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Capital One (COF) came out with quarterly earnings of $3.14 per share, missing the Zacks Consensus Estimate of $3.28 per share. This compares to earnings of $3.52 per share a year ago.
High rates, decent consumer loan demand and growth in fee income are expected to have supported Capital One's (COF) Q2 earnings.
Capital One's chief executive Richard Fairbank and other executives will go head-to-head with community groups at a public meeting on Friday convened by regulators to discuss the bank's tie-up with Discover Financial Services.
Capital One Announces $265 Billion Community Benefits Plan Capital One said Tuesday (July 16) that a combination of the bank with Discover Financial Services would provide more benefits to underserved communities than the organizations would offer separately.
Capital One will commit $265 billion over five years to lending, philanthropy and investment if its takeover of Discover Financial Services goes through, the bank said on Wednesday, as it aims to appease critics and win over regulators.
Capital One Financial is trading for a discount to book value and has some interesting long-term growth opportunities. Wells Fargo could have some major catalysts in the next couple of years.
Capital One (COF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.