Capital One CEO Richard Fairbank on Tuesday shared his perspective on how American consumers are holding up during the financial institution's quarterly earnings call.
Capital One Financial Corp.'s customers continued to spend last quarter, and the company ended up releasing money it had set aside for losses on loans.
Shares of the large lender Capital One (COF 4.64%) were trading nearly 5% higher at noon today. The company reported its first-quarter earnings results after the market closed yesterday, delivering an earnings beat but a slight miss on revenue.
With less than one month to go before its acquisition of Discover Financial Services, Capital One is on track to deliver synergies and forge an expanded consumer card and digital banking footprint in what the latter's CEO, Richard Fairbank, said will create “something really special.
Capital One Financial Corporation (NYSE:COF ) Q1 2025 Earnings Conference Call April 22, 2025 5:00 PM ET Company Participants Jeff Norris - SVP, Finance Andrew Young - CFO Richard Fairbank - Chairman and CEO Conference Call Participants Ryan Nash - Goldman Sachs Sanjay Sakhrani - KBW Terry Ma - Barclays Moshe Orenbuch - TD Cowen Rick Shane - JP Morgan John Pancari - Evercore ISI Mihir Bhatia - ...
Credit-card giant Capital One Financial Services Inc. says consumers are hanging in there as the U.S. braces for the fallout from a global trade war, but that there appears to be a bit of a “pull forward” in auto purchases, as consumers try to get ahead of potential price increases.
Capital One Financial (COF 3.24%), a major player in the credit card and banking industry, reported mixed first-quarter earnings on Tuesday, April 22. Adjusted EPS of $4.06 came in well ahead of analysts' consensus expectations of $3.64.
Capital One Financial reported a rise in first-quarter profit on Tuesday, as the consumer lender was helped by a higher income from interest payments on its credit card debt.
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.