Capital One (COF) is scheduled to report first-quarter 2024 results on Apr 25, after market close. Its earnings and revenues are expected to have witnessed increases on a year-over-year basis.In the last reported quarter, the company’s earnings lagged the Zacks Consensus Estimate. Results were adversely impacted by higher provisions, increasing deposit costs and a rise in non-interest expenses. However, an increase in net interest income (NII) and higher loan balance offered support.Capital One does not hav ...

Wall Street analysts forecast that Capital One (COF) will report quarterly earnings of $3.34 per share in its upcoming release, pointing to a year-over-year increase of 44.6%. It is anticipated that revenues will amount to $9.34 billion, exhibiting an increase of 4.9% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial project ...

MCLEAN, Va., March 21, 2024 /PRNewswire/ -- On Thursday, April 25, 2024, at approximately 4:05 p.m. Eastern Time, Capital One Financial Corporation (NYSE: COF) will release its first quarter 2024 earnings results. Additionally, the company will host a conference call at 5:00 p.m. Eastern Time to review financial and operating performance for the quarter ending March 31, 2024. The call will be webcast live and the earnings release will be available on the company's homepage at www.capitalone.com. A replay of ...

Capital One says its planned $35.3 billion purchase of Discover will boost competition.That’s according to a report Thursday (March 21) by Reuters, citing information shared by a source who had seen the bank’s regulatory application.The filing also argues the deal won’t hinder competition in the credit card space, as the combined company will make up about 13% of credit card purchasing volume, which Capital One contends is the best measure of credit card market share, the sources told Reuters.Capital One an ...

The 2024 National Collegiate Athletic Association (“NCAA”) Division I Men's Basketball Tournament will kick off on Mar 19, spreading “March Madness” among millions of Americans. Though it will divert a large number of Americans from the stock market and dry up trading volumes, it will lead to a buying frenzy and strong stock gains.The champion will be crowned on Apr 8 at the State Farm Stadium in Glendale, AZ. Being the biggest modern sporting event in the United States, the tournament is a money-spinner fo ...

Data released by the Consumer Financial Protection bureau shows that Capital One charges higher ... [+] interest rates than Discover, even for customers with excellent credit scores.© 2024 Bloomberg Finance LP190 million Americans have a credit card, and in 2022, 91 million of those cardholders paid interest on a revolving balance.Credit card borrowing can be expensive. In 2022, total credit card interest and fees added up to $130 billion, averaging just over $1,000 for each family in the United States.Two ...

Capital One Financial Corp. (COF) is well-poised for revenue growth on the back of strategic acquisitions and steady loan demand. Higher interest rates and a strong balance sheet position will continue to support its financials. However, rising expenses and weak asset quality remain major near-term concerns.Capital One is focused on growing inorganically. In February 2024, COF announced a $35.3 billion all-stock deal to acquire Discover Financial (DFS) , with the aim to reshape the landscape of the credit c ...

Investors looking for a no-brainer dividend stock to buy and hold for the long run should look at Warren Buffett and the banking industry. During the first two quarters of 2023, Buffett's holding company Berkshire Hathaway bought about 12.5 million shares of Capital One Financial (COF -1.32%).Buffett will be the first to warn everyday investors that not every stock pick Berkshire makes works out as intended. That said, following Buffett's lead by acquiring Capital One stock could be a smart move. Despite ri ...

The lawsuit filed against Capital One Financial Corporation (COF) , claiming that the company overcharged its credit and debit card customers on foreign currency related transactions, has been dismissed. The news was reported by Reuters.The plaintiffs had claimed that Capital One tried to maximize profits by charging “fictional” rates while converting foreign currency transactions into dollars.They said that COF ignored the rules that were set by Visa and Mastercard for the use of wholesale market rates or ...

Growth stocks continue to lead the market higher and reward shareholders with solid returns on their investment. While the Magnificent Seven stocks continue to get most of the credit for the market’s ongoing rally, there are many stocks that get less attention that are also posting strong growth and helping to inflate their shareholders’ portfolios. Several lesser known companies are managing to grow by dominating their respective market. Others are growing through acquisitions, while others are benefitting ...