Capital One (COF) Q2 Earnings Miss on Y/Y Increase in Provisions
COFCapital One(COF) ZACKS·2024-07-25 01:05

Capital One’s (COF) second-quarter 2024 adjusted earnings of $3.14 per share lagged the Zacks Consensus Estimate of $3.28. In the prior-year quarter, earnings per share was $3.52.In the reported quarter, there was an allowance build for Walmart program agreement loss sharing termination, a Walmart program agreement termination contra revenue impact, Discover integration expenses and an FDIC special assessment charge.Results were adversely impacted by higher expenses and provisions. However, an increase in n ...