Capital One Financial Corporation (COF)
COF's Q4 Earnings Beat on Increase in NII & Fee Income, Provisions Dip
Growth in NII and fee income, lower provisions and higher loan and deposit balances support Capital One's Q4 earnings.
Capital One Financial Corporation (COF) Q4 2024 Earnings Call Transcript
Capital One Financial Corporation (NYSE:COF ) Q4 2024 Earnings Conference Call January 21, 2025 4:30 PM ET Company Participants Jeff Norris - Senior Vice President, Finance Andrew Young - Chief Financial Officer Richard Fairbank - Chairman and Chief Executive Officer Conference Call Participants Ryan Nash - Goldman Sachs Terry Ma - Barclays Rick Shane - J.P. Morgan John Pancari - Evercore ISI Mihir Bhatia - Bank of America Bill Carcache - Wolfe Research Securities Moshe Orenbuch - TD Cowen Don Fandetti - Wells Fargo Sanjay Sakhrani - KBW John Hecht - Jefferies Operator Good day, and thank you for standing by.
Capital One's Card Purchase Volumes Grow 7%, Consumer Credit Trends ‘Stable'
Capital One's fourth quarter results, released after the market closed on Tuesday (Jan. 21), indicated that consumers continue to spend on their cards, and stripping out one-time items, credit performance was flat along several metrics. The company's earnings supplementals revealed that card purchase volumes surged by 7% to $172.9 billion.
Here's What Key Metrics Tell Us About Capital One (COF) Q4 Earnings
While the top- and bottom-line numbers for Capital One (COF) give a sense of how the business performed in the quarter ended December 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) Tops Q4 Earnings and Revenue Estimates
Capital One (COF) came out with quarterly earnings of $3.09 per share, beating the Zacks Consensus Estimate of $2.66 per share. This compares to earnings of $2.24 per share a year ago.
Capital One: Q4 Income Up, Revenue Down
Banking services and credit card giant Capital One Financial (COF 1.17%) reported mixed fourth-quarter results on Tuesday, Jan. 21. The company's adjusted EPS of $3.09 exceeded consensus estimates of $2.83, showing a substantial rise from $1.67 in the previous year.
Capital One's fourth-quarter profit jumps on interest income boost
Capital One Financial reported a 60% rise in fourth-quarter profit on Tuesday, as a higher income from interests helped the consumer lender.
NII & Fee Income to Aid COF's Q4 Earnings Amid Rising Provisions
Higher NII and fee income are likely to support COF's fourth-quarter 2024 results, while higher expenses and provisions are likely to weigh on it.
Capital One: Service Back After Outage Locks Out Thousands
Capital One says it has restored service after a days-long outage locked thousands of customers from their accounts. “Account functionality for all customers is now restored,” the bank holding company wrote in a post Sunday (Jan. 19) on X.
Capital One lawsuit reveals how bank customers can get smart and get their money's worth
A new lawsuit alleging that Capital One cheated savers out of larger yields is a wake-up call for people who want to wise up and get the most out of their deposits, experts say.
The 3 Best Bank Stocks to Buy for 2025
Investors received a big boost on January 15 with a December, 2024 Consumer Price Index report showing core inflation rose less than expected. This reassured Wall Street the Federal Reserve could continue to lower interest rates in 2025.
Capital One customers not getting payments amid outage
Capital One warned customers Thursday it is experiencing a technical outage affecting account services, deposits and payment processing.
