Analysts on Wall Street project that Capital One (COF) will announce quarterly earnings of $2.50 per share in its forthcoming report, representing a decline of 11.4% year over year. Revenues are projected to reach $9.45 billion, increasing 4.6% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this tim ...

Win McNamee Capital One Financial (NYSE:COF) saw its shares rally in May when an SEC filing showed Warren Buffett exiting bank shares to buy the lender. In this article, I will discuss why it could be a good investment for shareholders in 2024. An end to the Fed's lending program could reignite regional banking stress The first big test for the financial sector, in 2024, could be the end of the Federal Reserve's Bank Term Funding Program, which supported lenders through the March crisis. Fed Vice Chair Mich ...

Capital One Financial (NYSE:COF) stock gained 41%, according to data provided by S&P Global Market Intelligence. The bank made headlines when Berkshire Hathaway began building a stake in it earlier in the year. It got an added boost when the Federal Reserve signaled a potential pivot in its interest rate policy late last year. Capital One stock got a boost when Berkshire Hathaway bought shares amid March's banking turmoil2023 was a challenging year for all stocks, including banks. During the year, the Feder ...

Easing inflation has made many consumer loan stocks more attractive with the Zacks Financial-Consumer Loans Industry producing a total return of +32% over the last year when including dividends.Among the space, Capital One Financial (COF)  and Discover Financial Services (DFS)  are two of the more prominent names and now may be a good time to gauge if investors should buy stock in either of these consumer loan titans for more upside.Image Source: Zacks Investment ResearchOverview & Attractive ValuationsCapi ...

American Express shares posted solid gains last year, but one Wall Street team thinks the good times are over for the credit-card stock—and now is the time to sell. ...

Apollo Global Management Inc. and Capital One Financial Corp. stood out as the largest of nine financial companies that landed on KBW’s best ideas list for 2024, according to a research note released Wednesday.With a market capitalization of about $53 billion, private-equity firm and annuities manager Apollo Global Management Inc. APO, +1.20% offers multiple pathways for growth, with an expectation of a 20% total return for 2024, analysts said.“[The] market continues to focus myopically on sum-of-the-parts ...

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 September 30, 2023 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 ...

Financial Data and Key Metrics Changes - Capital One earned $1.8 billion, or $4.45 per diluted common share in Q3 2023, with pre-provision earnings of $4.5 billion, up 7% from the previous quarter and 17% year-over-year [7][8] - Revenue increased by 4% quarter-over-quarter, driven by higher net interest and noninterest income [8] - Period-end deposits increased by 1%, while average deposits remained flat [7][8] - The net interest margin (NIM) was 6.69%, up 21 basis points from the previous quarter but down 11 basis points year-over-year [11] Business Line Data and Key Metrics Changes - **Domestic Card Business**: - Purchase volume increased by 6% year-over-year, with ending loan balances up $19 billion or about 16% year-over-year [13] - Revenue for the domestic card business was up 15% year-over-year, but the charge-off rate increased to 4.4% [14] - **Consumer Banking**: - Auto originations declined by 10% year-over-year, with ending loans down about $4.4 billion or 5.4% year-over-year [16] - Ending deposits in the consumer bank were up about $34 billion or 13% year-over-year [16] - **Commercial Banking**: - Ending loan balances were flat, with average loans down about 2% [19] - Revenue was up 2% from the linked quarter, while non-interest expense increased by about 6% [19] Market Data and Key Metrics Changes - The liquidity coverage ratio was 155%, up from 150% in the previous quarter [10] - Total liquidity reserves remained flat at $118 billion, with cash balances increasing to approximately $45 billion [10] Company Strategy and Development Direction - The company is focused on leveraging technology to enhance underwriting, modeling, and marketing, aiming for long-term shareholder value creation [21] - Capital One continues to invest in marketing to drive growth in the domestic card business, particularly targeting heavy spenders [47][49] - The strategy includes building a national full-service digital bank while maintaining a smaller branch footprint [55] Management's Comments on Operating Environment and Future Outlook - Management noted that the normalization of delinquency rates has slowed, with charge-offs expected to lag behind [25][70] - The economic outlook remains uncertain, with expectations of rising unemployment rates [28] - The company is optimistic about the stabilization of credit performance in recent origination vintages [28] Other Important Information - The allowance balance increased by $322 million, bringing the total allowance balance to $15 billion as of September 30 [8][9] - The company completed the sale of approximately $900 million of loans from its commercial office portfolio [10] Q&A Session Summary Question: Delinquency normalization and charge-off performance - Management indicated that the charge-off rate was flat, and the delinquency rate increased, with stabilization trends observed [25][26] Question: Economic assumptions and allowance build - The unemployment rate is projected to move into the mid-4s by mid-2024, influencing the allowance calculation [30] Question: Consumer health and credit performance - Credit performance normalization is observed across all segments, with stabilization noted particularly in lower FICO score segments [34][36] Question: Net interest margin and deposit competition - Factors impacting NIM include product mix and competitive pricing, with expectations of upward pressure on deposit betas [39] Question: Marketing expenses and growth strategies - Marketing expenses are expected to remain high as the company targets heavy spenders and continues to build its national bank [46][49] Question: Auto lending strategy - Management is cautious about leaning into auto lending despite good trends in auto delinquency, focusing on market opportunities [57][60] Question: Operating efficiency and future trends - Management is pleased with improvements in operating efficiency but does not provide specific guidance for future quarters [63] Question: Charge-off lag and seasonal trends - Charge-offs are expected to lag behind delinquencies, with seasonal trends influencing performance [74][76]

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 June 30, 2023 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 CORPO ...

Second Quarter 2023 Results July 20, 2023 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 e ...