Capital One Financial Earnings Top Estimates (COF)
The Virginia-based financial services holding company, Capital One Financial (COF), reported earnings after the closing bell on Thursday which came in above analysts’ expectations.The company reported Q2 EPS of $1.87, beating estimates by $0.15 for the quarter; Capital One also raked in better-than-expected revenues, with the figure coming in at $5.6 billion versus the consensus estimate of $5.53 billion.
Richard Fairbank, Chairman and CEO, commented,”We delivered solid performance across each of our businesses during the quarter, and we continue to generate significant capital”. He also went on to add, “We will continue to tightly manage costs and credit quality, drive resilient growth in businesses we are emphasizing, and focus on returning capital to our investors to deliver sustained shareholder value”.
Capital One Financial shares inched higher on Thursday, gaining 0.22% on the day. The stock is up nearly 16% YTD.
The Bottom Line
Shares of Capital One Financial (COF) are yielding 1.79% based on Thursday’s closing price of $67.05
Capital One Financial (COF) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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