Higher Rates Likely to Support Capital One (COF) in Q4 Earnings

Capital One (COF) is scheduled to report fourth-quarter and 2023 results on Jan 25, after market close. While quarterly earnings are expected to have witnessed a fall on a year-over-year basis, revenues are likely to have risen.In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate. Results were aided by an increase in net interest income (NII) and lower expenses. Further, higher fee income on the back of a robust credit card performance offered support. However, the net ...