Capital One's Profit Eroded by Walmart Deal Collapse, Discover Uncertainty
WMTWalmart(WMT) PYMNTS.com·2024-07-24 07:55

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. But every business is different — and sometimes a black swan will rear its head.That’s what Capital One Financial’s leadership told investors about their own second-quarter 2024 earnings, explaining on Tuesday’s (July 23) earnings call that the company’s profit fell substantially in the second quarter as it set ...