Credit-card giant Capital One Financial Services Inc. says consumers are hanging in there as the U.S. braces for the fallout from a global trade war, but that there appears to be a bit of a “pull forward” in auto purchases, as consumers try to get ahead of potential price increases.
While the top- and bottom-line numbers for Capital One (COF) give a sense of how the business performed in the quarter ended March 2025, 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 $4.06 per share, beating the Zacks Consensus Estimate of $3.66 per share. This compares to earnings of $3.21 per share a year ago.
Capital One Financial (COF 3.24%), a major player in the credit card and banking industry, reported mixed first-quarter earnings on Tuesday, April 22. Adjusted EPS of $4.06 came in well ahead of analysts' consensus expectations of $3.64.
Capital One recorded a higher first-quarter profit and is prepared to complete its acquisition of Discover on May 18.
Capital One's plans to acquire Discover have been approved at the federal level.
Capital One Financial's (COF 0.95%) planned acquisition of Discover Financial Services (DFS 3.22%) has received regulatory approval, and investors are breathing a sigh of relief.
Shares were climbing after regulators approved a merger between two of the biggest U.S. credit-card issuers.
The pending merger between Capital One and Discover Financial services received approval from several regulators Friday, bringing the $35 billion tie-up closer to completion.
Capital One and Discover Financial Services said Friday (April 18) that they have received all required regulatory approvals to complete Capital One's proposed acquisition of Discover.
Federal regulators approved Capital One's (COF) bid to become America's largest credit card lender, signing off on the company's purchase of Discover (DFS) on Friday.
The deal joins two of the largest credit card companies that aren't banks first, like JPMorgan and Citi, with the notable exception of American Express.