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COF Capital One Financial Corporation

144.86
6.45 (4.66%)
16 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Capital One Financial Corporation NYSE:COF NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  6.45 4.66% 144.86 144.64 140.21 140.82 3,018,256 01:00:00

Capital One Beats 1Q Expectations on Fee Income

26/04/2022 9:54pm

Dow Jones News


Capital One Financial (NYSE:COF)
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From Jul 2021 to Jul 2024

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By Robert Barba

 

Capital One Financial Corp. reported better-than-expected results in the latest quarter, largely a result of growth in non-interest income.

The bank holding company reported first-quarter net income of $2.4 billion in the latest quarter, compared with $3.33 billion a year earlier. Both figures are before preferred stock dividends and dividends and undistributed earnings allocated to participating securities.

Earnings per share were $5.62. Analysts polled by FactSet expected $5.50 a share.

Net interest income was $6.4 billion, up 10% from a year earlier. Non-interest income was $1.78 billion, up 38%.

Total revenue of $8.17 billion was ahead of the $8.02 billion analysts expected. Net interest income missed expectations, while non-interest income beat.

The company booked $677 million in provision for credit losses, compared with $381 million in the prior quarter and a Credit benefit of $823 million a year earlier.

 

Write to Robert Barba at robert.barba@wsj.com

 

(END) Dow Jones Newswires

April 26, 2022 16:39 ET (20:39 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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