Capital One Card Purchase Volumes Surge 5%, Consumers in ‘Good Shape'
Capital One(COF) PYMNTS.com·2024-10-25 09:18
Capital One’s most recent quarterly earnings, posted Thursday (Oct. 24) after the bell, indicated that cardholders continued to embrace credit as a key payment method, and consumers remained in “good shape,” according to the CEO.The company’s earnings supplementals noted that card purchase volumes were 5% higher, to $166 billion.CFO Andrew Young said on the call that “our credit outlook has improved slightly as our confidence in the stability of underlying credit trends has grown, driving a modest release a ...