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Capital One Financial is technically a bank, but it is heavily focused on the credit card space. The financial company has long targeted lower-credit-quality customers.

Capital One Financial Corporation (NYSE:COF ) Q2 2024 Earnings Conference Call July 23, 2024 5:00 PM ET Company Participants Jeff Norris - SVP, Finance Andrew Young - CFO Richard Fairbank - Chairman & CFO Conference Call Participants Sanjay Sakhrani - KBW Mihir Bhatia - Bank of America Richard Shane - JPMorgan Ryan Nash - Goldman Sachs Bill Carcache - Wolfe Research Don Fandetti - Wells Fargo Moshe Orenbuch - TD Cowen Operator Good day, and thank you for standing by. Welcome to the Capital One Q2 2024 Earnings Call.

It's earnings season for America's biggest financial services companies and institutions. So far, the common theme has been a softening of consumer credit and mixed signals around corporate spending.

Capital One (COF) came out with quarterly earnings of $3.14 per share, missing the Zacks Consensus Estimate of $3.28 per share. This compares to earnings of $3.52 per share a year ago.

Capital One is one of the few bank stocks left in Berkshire's portfolio, and it trades below book value. NVR has been a beneficiary of a strong environment for homebuilders and could be a big winner as the housing market normalizes.

High rates, decent consumer loan demand and growth in fee income are expected to have supported Capital One's (COF) Q2 earnings.

Capital One's chief executive Richard Fairbank and other executives will go head-to-head with community groups at a public meeting on Friday convened by regulators to discuss the bank's tie-up with Discover Financial Services.

Capital One Announces $265 Billion Community Benefits Plan Capital One said Tuesday (July 16) that a combination of the bank with Discover Financial Services would provide more benefits to underserved communities than the organizations would offer separately.

MCLEAN, Va.--(BUSINESS WIRE)--Capital One Financial Corporation (NYSE: COF) today announced a community benefits plan that commits more than $265 billion in lending, investment, and philanthropy over five years as part of its proposed acquisition of Discover Financial Services (NYSE: DFS). The plan was developed in partnership with the National Association for Latino Community Asset Builders (NALCAB), NeighborWorks America, the Opportunity Finance Network (OFN), and the Woodstock Institute. Thi.