Key Details
Price
$191.29Last Dividend
$0.60Annual ROE
8.83%Beta
1.10Events Calendar
Next earnings date:
Jan 24, 2025Recent quarterly earnings:
Oct 24, 2024Recent annual earnings:
Jan 25, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Nov 14, 2024Next split:
N/ARecent split:
June 02, 1999Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
The main aim of a business is to create money for its shareholders. Investors usually see net income as the "bottom line," which shows the profit a company earns.
On Thursday, October 31, Capital One announced that it might face action from the Consumer Financial Protection Bureau (CFPB) over the launch of a new savings account that offers a higher interest rate than its current savings accounts.
A major federal agency might take action against Capital One for supposedly making false claims about its savings accounts, as the consumer lender revealed in a report on Thursday evening.
Capital One has solid financial results, showing a net income of $1.8 billion, a low P/E ratio, and strong liquidity with $132 billion in reserves. The company is planning to buy Discover Financial Services, which could improve its operations and help establish its own payment network, although there are risks involved in merging the two companies. While credit card services account for more than 70% of its revenue, they also come with high loss rates, but the company maintains a strong liquidity position with a coverage ratio of 163%.
Investors were happy with the outcomes.
COF's results for the third quarter of 2024 exceeded expectations due to increased net interest income, loans, and deposits. However, they are still facing challenges with rising costs, provisions, and a decrease in non-interest income.
Capital One released its latest quarterly earnings on Thursday (Oct. 24), showing that cardholders are still using credit cards as a main way to pay. The CEO mentioned that consumers are in a "good shape." Additionally, the company's report highlighted that card purchase volumes increased by 5%, reaching $166 billion.
Capital One (COF) reported quarterly earnings of $4.51 per share, which is higher than the Zacks Consensus Estimate of $3.70 per share. This is also an increase compared to earnings of $4.45 per share from the same period last year.
On Thursday, Capital One announced a 1.6% rise in its profits for the third quarter, thanks to higher interest rates that allowed the consumer bank to earn more from customers paying off their credit card debts.
In the third quarter of 2024, COF's earnings may have been negatively affected by increased costs and a significant rise in provisions. However, higher net interest income and fee income are expected to have provided some support.
FAQ
- What is the primary business of Capital One Financial?
- What is the ticker symbol for Capital One Financial?
- Does Capital One Financial pay dividends?
- What sector is Capital One Financial in?
- What industry is Capital One Financial in?
- What country is Capital One Financial based in?
- When did Capital One Financial go public?
- Is Capital One Financial in the S&P 500?
- Is Capital One Financial in the NASDAQ 100?
- Is Capital One Financial in the Dow Jones?
- When was Capital One Financial's last earnings report?
- When does Capital One Financial report earnings?
- Should I buy Capital One Financial stock now?