Capital One disclosed Thursday (Oct. 31) that it could face an enforcement action by the Consumer Financial Protection Bureau (CFPB) regarding its introduction of a new savings account product with a higher interest rate than its existing savings account products.The regulator sent the bank a Civil Investigative Demand in August after Capital One was sued in a class action lawsuit relating to those savings account products in July 2023, the bank said in a filing with the Securities and Exchange Commission ( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________ FORM 10-Q ___________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-13300 ____________________________________ CAPITAL ONE FINANCIAL ...

Investors were pleased with results.Shares of Capital One Financial (COF 5.82%) rallied as much as 9.5% on Friday, before pulling back to a 5.6% gain as of 2:25 p.m. ET.The tech-savvy credit card and auto lender reported earnings last night, showing a healthy beat of analyst expectations and a significant increase in net interest income. Investors cheered the results.Net interest income inflects higherCapital One delivered $10 billion in revenue in the quarter, up 7% year-over-year, and adjusted (non-GAAP) ...

Shares of Capital One (COF) gained 4.9% in the after-market trading hours on better-than-expected quarterly results. Its third-quarter 2024 adjusted earnings of $4.51 per share surpassed the Zacks Consensus Estimate of $3.70. In the prior-year quarter, earnings per share were $4.45. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the reported quarter, there were Discover integration expenses and an adjustment in the Federal Deposit Insurance Corporation special assessment charge ...

Capital One’s most recent quarterly earnings, posted Thursday (Oct. 24) after the bell, indicated that cardholders continued to embrace credit as a key payment method, and consumers remained in “good shape,” according to the CEO.The company’s earnings supplementals noted that card purchase volumes were 5% higher, to $166 billion.CFO Andrew Young said on the call that “our credit outlook has improved slightly as our confidence in the stability of underlying credit trends has grown, driving a modest release a ...

Capital One Financial Corporation (NYSE:COF) Q3 2024 Earnings Conference Call October 24, 2024 5:00 PM ET Company Participants Jeff Norris - SVP, Finance Andrew Young - CFO Richard Fairbank - Chairman and CFO Ime Archibong - Board Member Conference Call Participants Ryan Nash - Goldman Sachs Sanjay Sakhrani - KBW Terry Ma - Barclays Bill Carcache - Wolfe Research Securities Don Fandetti - Wells Fargo John Heck - Jefferies Mihir Bhatia - Bank of America Chase Haynes - Evercore ISI Jeff Adelson - Morgan Stanl ...

For the quarter ended September 2024, Capital One (COF) reported revenue of $10.01 billion, up 6.9% over the same period last year. EPS came in at $4.51, compared to $4.45 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $9.82 billion, representing a surprise of +2.01%. The company delivered an EPS surprise of +21.89%, with the consensus EPS estimate being $3.70.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

Capital One (COF) came out with quarterly earnings of $4.51 per share, beating the Zacks Consensus Estimate of $3.70 per share. This compares to earnings of $4.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.89%. A quarter ago, it was expected that this credit card issuer and bank would post earnings of $3.28 per share when it actually produced earnings of $3.14, delivering a surprise of -4.27%.Over the last four quarter ...

Exhibit 99.2 (1)(2) Capital One Financial Corporation Financial Supplement Third Quarter 2024 Table of Contents Capital One Financial Corporation Consolidated Results Page Table 1: Financial Summary—Consolidated 1 Table 2: Selected Metrics—Consolidated 3 Table 3: Consolidated Statements of Income 4 Table 4: Consolidated Balance Sheets 6 Table 5: Notes to Financial Summary, Selected Metrics and Consolidated Financial Statements (Tables 1—4) 8 Table 6: Average Balances, Net Interest Income and Net Interest Ma ...

New York Attorney General Letitia James is reportedly investigating Capital One’s proposed acquisition of Discover Financial Services.James asked a court for permission to issue subpoenas to Capital One, saying the bank had declined to voluntarily waive federal confidentiality protections, Bloomberg reported Wednesday (Oct. 23).The effort is part of New York’s antitrust probe focused on the proposed deal, according to the report.Capital One said in the report that it will respond to the state attorney gener ...