The company's major acquisition is up in the air, and consumer credit metrics are weakening.Capital One (COF -1.03%) made huge news earlier this year when it announced plans to acquire Discover Financial Services. The deal would make Capital One the largest credit card lender in the U.S., but it faces regulatory scrutiny before approval.The company also faces rising charge-offs from its credit card customers as delinquencies rise above pre-pandemic levels. If you're thinking of scooping up Capital One stock ...

Cardholders can continue to use their card and earn and redeem rewards as they do today MCLEAN, Va. and BENTONVILLE, Ark., May 24, 2024 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) and Walmart Inc. (NYSE: WMT) announced that they have ended the agreement that made Capital One the exclusive issuer of Walmart Consumer Credit Cards. In 2019, Capital One and Walmart introduced the Capital One Walmart Rewards Credit Card Program. Walmart corporate logo While Capital One and Walmart have ende ...

文章核心观点 - 美国消费者金融保护局(CFPB)制定的一项信用卡逾期费用新规即将生效,但遭到了信用卡行业的最后一搏反对 [1][2][3][4] - 新规将大幅降低银行收取的信用卡逾期费用上限,从而为美国消费者节省数十亿美元 [1][7] - 这项新规是拜登总统打击"垃圾费"的一部分政策 [6] 行业概况 - 自2010年以来,大型信用卡发卡行不断提高逾期费用,从中获得丰厚利润,每张信用卡平均每年收取138美元的逾期费 [7] - 信用卡行业通过诉讼在法庭上试图阻止新规的实施 [2][3] - 法院即将就是否冻结新规的实施作出裁决 [3][4][5] 公司动态 - 美国商会牵头代表信用卡行业在法庭上起诉CFPB,试图阻止新规的实施 [2] - 沃尔夫研究公司的分析师表示,法院即将就是否冻结新规作出裁决 [5]

Capital One stock has risen 3,620% since 1995. But what about over the last five years?Capital One Financial (COF -0.81%) stock has proven an exceptional investment over the long term. Since 1995, shares have risen in value by more than 3,600%. The S&P 500, for comparison, rose in value by about half that amount over that time period. But what about the past five years? Are Capital One shares still outpacing the market?Did Capital One stock beat the market over the last five years?On May 7, 2019, Capital On ...

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 March 31, 2024 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 CORP ...

Capital One’s (COF) first-quarter 2024 adjusted earnings of $3.21 per share lagged the Zacks Consensus Estimate of $3.25. In the prior-year quarter, earnings per share was $2.31. The reported quarter’s results exclude an FDIC special assessment charge of $42 million.Results were adversely impacted by higher expenses. Also, loan balances witnessed a sequential decline in the quarter. Nevertheless, an increase in net interest income (NII), along with higher non-interest income, supported the results to some e ...

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 company’s supplementals showed that the card segment’s net charge-off rate of 5.9% is up from 4% a year ago.Consumer banking average loans decreased $1.1 billion, or 2%, to $75.1 billion.CEO Richard Fai ...

财务数据和关键指标变化 - 公司在第一季度实现了13亿美元的利润,每股摊薄收益为3.13美元。调整后每股收益为3.21美元 [10] - 贷款规模环比下降2%,存款规模环比增加1%。平均贷款和平均存款均保持平稳 [11] - 扣除FDIC特殊评估影响,公司的税前收益同比增长13% [12] - 收入环比下降1%,主要受非利息收入下降影响。经营费用环比下降6% [13] - 信贷损失准备金为27亿美元,环比下降1.74亿美元,主要由于准备金计提减少 [14] 各条业务线数据和关键指标变化 信用卡业务 - 信用卡业务收入同比增长12%,得益于购买量和贷款规模的增长 [26] - 信用卡不良贷款率同比上升190个基点至5.94%,但环比上升59个基点 [27] - 信用卡30天以上逾期率同比上升82个基点至4.48%,环比下降13个基点 [27] - 信用卡业务营销费用同比增长13%,主要用于支持新客户获取和产品创新 [31] 消费者银行业务 - 汽车贷款新发放同比增长21% [33] - 消费者存款同比增长3%,环比增长2% [34] - 汽车贷款不良率同比上升46个基点至1.99%,但环比下降20个基点 [36] - 汽车贷款30天以上逾期率同比上升28个基点至5.28%,环比下降106个基点 [36] 商业银行业务 - 贷款规模环比下降1%,存款规模环比下降5% [37] - 不良贷款率环比下降40个基点至0.13% [38] - 关注类贷款率环比下降42个基点至8.39% [38] 公司战略和发展方向 - 公司正在积极推进与Discover的并购交易,预计将于2024年底或2025年初完成 [41][42][43][44][45] - 并购完成后,公司将成为一家更加多元化、垂直整合的全球支付平台 [42][43][44] - 公司将利用11年来的技术转型成果,在风险管理、营销、客户服务等方面提升创新能力 [44] 管理层对经营环境和未来前景的评论 - 美国消费者整体保持强劲,劳动力市场韧性十足,但通胀压力和高利率环境也对部分消费者构成一定财务压力 [54][100] - 公司信用表现总体良好,信用指标正在趋于稳定,但短期内可能受到税收退税时间推迟的影响 [29][55][58][59][100] - 公司将继续密切关注通胀和失业率等宏观因素,适时调整信贷政策 [100][135] - 公司对未来增长机会保持乐观,将继续加大在信用卡、消费者银行等业务的投入力度 [26][31][34][135] 问答环节重要的提问和回答 问题1 **Ryan Nash 提问** 对于信用表现的预期,公司是否认为已经触底回升,未来是否会进一步改善? [53] **Richard Fairbank 回答** 公司认为信用指标正在趋于稳定,但短期内可能受到税收退税时间推迟的影响,导致不良贷款率在近期略高于预期。但从整体上看,公司对信用表现保持乐观,认为已经触底回升 [54][55][58][59] 问题2 **Mihir Bhatia 提问** 对于与Discover的并购交易,公司如何看待可能引发的反垄断问题? [66] **Richard Fairbank 回答** 公司认为这笔交易将增加银行、信用卡发卡机构和支付网络之间的竞争,为消费者、商户和社区带来重大利益。公司将在监管审查过程中充分阐述这一观点,相信最终能够获得批准 [68][69][70][71][72][73] 问题3 **Sanjay Sakhrani 提问** 公司是否会因为税收退税时间推迟的影响而调整资本回报计划? [123] **Andrew Young 回答** 公司已经提交了新的资本计划,一旦获批后将不受之前的限制。在此期间,公司的回购活动受到一些程序性限制,但未来有望进一步提升资本回报力度 [124][125]

营收和盈利 - Capital One在2024年第一季度报告的营收为94亿美元，同比增长5.6%[1] - 每股收益为3.21美元，较去年同期的2.31美元有所增长[1] - 公司的营收超出了Zacks Consensus Estimate的93.5亿美元，增幅为+0.60%[2] - 每股收益的预期为3.25美元，实际表现为-1.23%的惊喜[2] 关键指标比较 - 净利差：6.7%，与13位分析师平均预期的6.7%相符[6] - 平均余额-总计息收入资产：4478亿美元，与13位分析师平均预期的4501.1亿美元相比略低[6] - 净核销率：3.3%，与12位分析师平均预期的3.3%相符[6] - 效率比率：54.6%，与12位分析师平均预期的54.5%相符[6] - 净核销率-商业银行：0.1%，与10位分析师平均预期的0.4%相比较低[6] - 净核销率-消费银行：2%，与9位分析师平均预期的2%相符[6] - 净核销率-信用卡-国内信用卡：5.9%，高于9位分析师平均预期的5.7%[7] - 信用卡总净收入：67.5亿美元，高于7位分析师平均预期的66.7亿美元，同比增长12.1%[7] - 消费银行总净收入：21.7亿美元，低于7位分析师平均预期的22.5亿美元，同比下降13%[8] - 信用卡-国内总净收入：63.8亿美元，高于7位分析师平均预期的63.2亿美元，同比增长12.2%[9] - 其他总净收入：-3.96亿美元，低于7位分析师平均预期的-4.4941亿美元，同比下降16.1%[10] - 商业银行总净收入：8.8亿美元，高于7位分析师平均预期的8.6903亿美元，同比增长2.3%[11] 股票表现 - Capital One股票在过去一个月中回报率为+3%，表现优于Zacks S&P 500综合指数的-3%变化，目前具有Zacks Rank 3（持有），表明在短期内可能与整体市场表现一致[12]

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.23%. A quarter ago, it was expected that this credit card issuer and bank would post earnings of $2.50 per share when it actually produced earnings of $2.24, delivering a surprise of -10.40%.Over the last four quarte ...