The company's major acquisition is up in the air, and consumer credit metrics are weakening.Capital One (COF -1.03%) made huge news earlier this year when it announced plans to acquire Discover Financial Services. The deal would make Capital One the largest credit card lender in the U.S., but it faces regulatory scrutiny before approval.The company also faces rising charge-offs from its credit card customers as delinquencies rise above pre-pandemic levels. If you're thinking of scooping up Capital One stock ...

Cardholders can continue to use their card and earn and redeem rewards as they do today MCLEAN, Va. and BENTONVILLE, Ark., May 24, 2024 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) and Walmart Inc. (NYSE: WMT) announced that they have ended the agreement that made Capital One the exclusive issuer of Walmart Consumer Credit Cards. In 2019, Capital One and Walmart introduced the Capital One Walmart Rewards Credit Card Program. Walmart corporate logo While Capital One and Walmart have ende ...

A Consumer Financial Protection Bureau regulation that promised to save Americans billions of dollars in late fees on credit cards faces a last-ditch effort to stave off its implementation.Led by the U.S. Chamber of Commerce, the card industry in March sued the CFPB in federal court to prevent the new rule from taking effect.That effort, which bounced between venues in Texas and Washington, D.C., for weeks, is now about to reach a milestone: A judge in the Northern District of Texas is expected to announce ...

Capital One stock has risen 3,620% since 1995. But what about over the last five years?Capital One Financial (COF -0.81%) stock has proven an exceptional investment over the long term. Since 1995, shares have risen in value by more than 3,600%. The S&P 500, for comparison, rose in value by about half that amount over that time period. But what about the past five years? Are Capital One shares still outpacing the market?Did Capital One stock beat the market over the last five years?On May 7, 2019, Capital On ...

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 March 31, 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 CORP ...

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 ...

Capital One (COF) came out with quarterly earnings of $3.21 per share, missing the Zacks Consensus Estimate of $3.25 per share. This compares to earnings of $2.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.23%. A quarter ago, it was expected that this credit card issuer and bank would post earnings of $2.50 per share when it actually produced earnings of $2.24, delivering a surprise of -10.40%.Over the last four quarte ...