COF Stock Recent News

A pair of U.S. banking regulators announced on Tuesday they would be hosting a public meeting on July 19 to solicit input on the proposed acquisition of Discover Financial Services by Capital One Financial Corporation.

The credit card regulation is part of President Joe Biden's broader election-year war against what he deems junk fees.

Capital One stock has proven a long-term winner. Many of its biggest gains, however, have been over short periods of time.

Capital One (COF) records y/y increases in revenues and expenses in the first quarter of 2024.

Capital One's first quarter results showed consumers continue to spend on their cards — and management touted the benefits of the proposed $35 billion buyout of Discover Financial Services. Purchase volume on its cards was up 6% year over year to $146.6 billion, but was 7% below the fourth quarter of 2023.

The headline numbers for Capital One (COF) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Capital One (COF) came out with quarterly earnings of $3.21 per share, missing the Zacks Consensus Estimate of $3.25 per share. This compares to earnings of $2.31 per share a year ago.

Capital One Financial's first-quarter profit rose 35% as customers paid more on the company's credit-card loans amid higher interest rates.

A comment period extension for the blockbuster $35 billion acquisition of Discover Financial Services by Capital One Financial Corp. isn't a signal that the deal will be spiked for being anti-competitive, analysts said.

Main Street Capital's stock price has surged higher, outperforming the broader BDC market on a YTD basis. The company's Q4 2023 results showed record NII and NAV per share, while the indebtedness has actually further decreased. Besides the improved results at MAIN level, the macro front has also brought additional factors that enhance the attractiveness of MAIN.