Capital One Financial Corporation (NYSE:COF) Q4 2023 Earnings Call Transcript January 25, 2024 5:00 PM ET Company Participants Jeff Norris - SVP, Finance Andrew Young - CFO Richard Fairbank - Chairman and CEO Conference Call Participants Sanjay Sakhrani - KBW Ryan Nash - Goldman Sachs Arren Cyganovich - Citi Rick Shane - J.P. Morgan Moshe Orenbuch - TD Cowen John Pancari - Evercore ISI Don Fandetti - Wells Fargo Bill Carcache - Wolfe Research Dominick Gabriele - Oppenheimer Operator Good day, and thank you ...

Fourth Quarter 2023 Results January 25, 2024 Forward-Looking Statements This presentation and related communications should be read in conjunction with the financial statements, notes, and other information contained in Capital One’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Please note that the following materials containing information regarding Capital One’s financial performance is preliminary and based on Capital One’s data available at the time of th ...

Card delinquencies and charge-offs offer evidence of consumers struggling to meet their financial obligations.And credit card balances and delinquencies have been rising as consumer spending remains strong, but government support is dropping from pandemic levels, with all stages of delinquency approaching their highest levels of the past decade-plus. Delinquencies occur when borrowers fail to make payments on their debts by the due date. A delinquency is essentially a late payment.The next step after a deli ...

Capital One (COF) reported $9.51 billion in revenue for the quarter ended December 2023, representing a yearover-year increase of 5.2%. EPS of $2.24 for the same period compares to $2.82 a year ago. The reported revenue represents a surprise of +0.56% over the Zacks Consensus Estimate of $9.45 billion. With the consensus EPS estimate being $2.50, the EPS surprise was -10.40%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Capital One (COF) came out with quarterly earnings of $2.24 per share, missing the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $2.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10.40%. A quarter ago, it was expected that this credit card issuer and bank would post earnings of $3.27 per share when it actually produced earnings of $4.45, delivering a surprise of 36.09%.Over the last four quarte ...

Capital One (COF) is scheduled to report fourth-quarter and 2023 results on Jan 25, after market close. While quarterly earnings are expected to have witnessed a fall on a year-over-year basis, revenues are likely to have risen.In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate. Results were aided by an increase in net interest income (NII) and lower expenses. Further, higher fee income on the back of a robust credit card performance offered support. However, the net ...

FILE - An exterior view of Capital One Arena is seen Saturday, March 16, 2019, in Washington. (AP ... [+] Photo/Nick Wass)Copyright 2019 The Associated Press. All rights reservedCapital One (NYSE: COF) is scheduled to report its fiscal Q4 2023 results on Thursday, January 25, 2024. We expect the revenues to be just above (in line) the expectations, while earnings are likely to miss the consensus. The company outperformed the street estimates in the last quarter, with the top line increasing 6% y-o-y to $9.4 ...

Analysts on Wall Street project that Capital One (COF) will announce quarterly earnings of $2.50 per share in its forthcoming report, representing a decline of 11.4% year over year. Revenues are projected to reach $9.45 billion, increasing 4.6% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this tim ...

Win McNamee Capital One Financial (NYSE:COF) saw its shares rally in May when an SEC filing showed Warren Buffett exiting bank shares to buy the lender. In this article, I will discuss why it could be a good investment for shareholders in 2024. An end to the Fed's lending program could reignite regional banking stress The first big test for the financial sector, in 2024, could be the end of the Federal Reserve's Bank Term Funding Program, which supported lenders through the March crisis. Fed Vice Chair Mich ...

Capital One Financial (NYSE:COF) stock gained 41%, according to data provided by S&P Global Market Intelligence. The bank made headlines when Berkshire Hathaway began building a stake in it earlier in the year. It got an added boost when the Federal Reserve signaled a potential pivot in its interest rate policy late last year. Capital One stock got a boost when Berkshire Hathaway bought shares amid March's banking turmoil2023 was a challenging year for all stocks, including banks. During the year, the Feder ...