Capital One(COF)
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Capital One(COF) - 2024 Q1 - Earnings Call Presentation
2024-04-25 21:28
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 ...
Capital One(COF) - 2024 Q1 - Quarterly Results
2024-04-25 20:05
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 ...
Main Street Capital: One Of The Best Ways To Play Defense In BDC Space
Seeking Alpha· 2024-04-23 05:51
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 ...
High Rates, Loan Growth to Aid Capital One (COF) in Q1 Earnings
Zacks Investment Research· 2024-04-22 17:01
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's Insights Into Key Metrics Ahead of Capital One (COF) Q1 Earnings
Zacks Investment Research· 2024-04-22 14:22
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 ...
Capital One Financial Corporation to Webcast Conference Call on First Quarter 2024 Earnings
Prnewswire· 2024-03-21 20:05
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 to Regulators: Discover Deal Will Increase Competition
PYMNTS· 2024-03-21 16:08
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 ...
5 Stocks Making the Most of March Madness
Zacks Investment Research· 2024-03-20 13:11
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 ...
A Capital One - Discover Merger Could Raise Card Interest Rates
Forbes· 2024-03-16 18:42
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 (COF) Rides on Buyouts & Loans, Asset Quality Ails
Zacks Investment Research· 2024-03-08 16:16
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 ...