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Capital One’s (COF) first-quarter 2024 adjusted earnings of $3.21 per share lagged the Zacks Consensus Estimate of $3.25. In the prior-year quarter, earnings per share was $2.31. The reported quarter’s results exclude an FDIC special assessment charge of $42 million.Results were adversely impacted by higher expenses. Also, loan balances witnessed a sequential decline in the quarter. Nevertheless, an increase in net interest income (NII), along with higher non-interest income, supported the results to some e ...

Capital One’s first quarter results showed consumers continue to spend on their cards — and management touted the benefits of the proposed $35 billion buyout of Discover Financial Services.Purchase volume on its cards was up 6% year over year to $146.6 billion, but was 7% below the fourth quarter of 2023.The company’s supplementals showed that the card segment’s net charge-off rate of 5.9% is up from 4% a year ago.Consumer banking average loans decreased $1.1 billion, or 2%, to $75.1 billion.CEO Richard Fai ...

Capital One Financial Corporation (NYSE:COF) Q1 2024 Earnings Conference Call April 25, 2024 5:00 PM ET Company Participants Jeff Norris - Senior Vice President of Finance Andrew Young - Chief Financial Officer Richard Fairbank - Chairman and Chief Executive Officer Conference Call Participants Ryan Nash - Goldman Sachs Mihir Bhatia - Bank of America Rick Shane - JPMorgan John Pancari - Evercore ISI Moshe Orenbuch - TD Cowen Don Fandetti - Wells Fargo Sanjay Sakhrani - KBW Bill Carcache - Wolfe Research Jef ...

For the quarter ended March 2024, Capital One (COF) reported revenue of $9.4 billion, up 5.6% over the same period last year. EPS came in at $3.21, compared to $2.31 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $9.35 billion, representing a surprise of +0.60%. The company delivered an EPS surprise of -1.23%, with the consensus EPS estimate being $3.25.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...

分组1 - Capital One reported quarterly earnings of $3.21 per share, missing the Zacks Consensus Estimate of $3.25 per share, but showing an increase from $2.31 per share a year ago, representing an earnings surprise of -1.23% [1] - The company posted revenues of $9.4 billion for the quarter, surpassing the Zacks Consensus Estimate by 0.60%, and an increase from $8.9 billion year-over-year [1] - Over the last four quarters, Capital One has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [1] 分组2 - Capital One shares have increased approximately 13.5% since the beginning of the year, outperforming the S&P 500's gain of 6.3% [2] - The current consensus EPS estimate for the upcoming quarter is $3.40 on revenues of $9.45 billion, and for the current fiscal year, it is $13.79 on revenues of $38.38 billion [4] 分组3 - The Zacks Industry Rank indicates that the Financial - Consumer Loans sector is currently in the bottom 19% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [5] - Open Lending, another company in the same industry, is expected to report a quarterly earnings decline of 50% year-over-year, with revenues projected to decrease by 25.6% from the previous year [5]

First Quarter 2024 Results April 25, 2024 1 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 the ...

Exhibit 99.2 Capital One Financial Corporation Financial Supplement(1)(2) First 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 Mar ...

tadamichi Earlier this year, I circulated an article in which I compared two relatively well-known and large scale BDCs: Sixth Street Specialty Lending (NYSE:TSLX) with a NAV value of ~ $1.5 billion (13th largest BDC) Main Street Capital (NYSE:MAIN) with a NAV value of ~ $2.4 billion (7th largest BDC) In the article, I made it clear that both of these are solid vehicles through which to go long the BDC market. Yet, back then I also decided to emphasize more the attractiveness of TSLX as it had a better r ...

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 ...