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Capital One (COF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The market will be closely watching Q3 earnings from this credit services giant.
MCLEAN, Va.--(BUSINESS WIRE)--On Thursday, October 24, 2024, at approximately 4:05 p.m. Eastern Time, Capital One Financial Corporation (NYSE: COF) will release its third 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 September 30, 2024. The call will be webcast live and the earnings release will be available on the company's homepage at www.capitalone.com. A repl.
Realty Income and Capital One are both more than 20% off their all-time highs. Both have excellent well-run businesses and could be big winners over the next few years.
A lawsuit by a former Discover executive claims the company wrongfully revoked millions in compensation. The lawsuit, filed Wednesday (Sept.
Capital One plans to purchase Discover Financial, building a strong credit card portfolio and driving long-term shareholder returns. Capital One had a strong Q2 with net income of almost $600 million, maintaining a strong efficiency ratio and increasing average deposits. Despite risks such as cultural clashes in the acquisition, Capital One's strong cash flow and ability to maintain net interest ratios make it a valuable investment with future growth potential.
Capital One has seen credit card charge-offs rise for several quarters. Concerns about the consumer and their ability to repay their debt could be a near-term headwind.
Capital One is a bank, but its largest business is in credit cards. It has a sizable business lending to consumers with lower credit ratings.
Capital One is a highly profitable financial institution trading at a cheap valuation. The pending acquisition of Discover not only creates opportunities for synergies, but gives Capital One an in-house payment network.
Capital One (COF) records y/y increases in revenues and expenses in the second quarter of 2024.