Higher NII & Fee Income to Aid Capital One (COF) in Q2 Earnings

Capital One (COF) is slated to report second-quarter 2024 results on Jul 23, after market close. Its earnings are expected to have witnessed a decrease on a year-over-year basis, while revenues are likely to have increased.In the last quarter, the company’s earnings lagged the Zacks Consensus Estimate. Results were adversely impacted by higher expenses and a sequential fall in loan balance. However, an increase in net interest income (NII) and non-interest income, and lower provisions acted as tailwinds.Cap ...