When Capital One Financial (COF -0.46%) reported its second-quarter 2026 earnings, it posted a 30-day delinquency rate of 3.13%, down from the previous year and below the first-quarter rate. Given the high rate of inflation and concerns about stretched consumers, that's a good sign. But what should investors really take away from this data? A recent Federal Reserve report takes a deeper dive into the numbers.
Capital One isn't alone Capital One is a large bank and credit card company, with a focus on offering credit to lower-quality customers. But it generally doesn't delve into the higher-risk spaces of the industry. This is a key reason why Synchrony Financial (SYF -2.35%), which issues store cards, had a higher 30-day delinquency rate of 4.16%. Store cards tend to carry more credit risk. But, even here, the trends aren't bad. Like Capital One, Synchrony's 30-day delinquency rate was down sequentially and year over year.
Image source: Getty Images.
Bread Financial (BFH -2.12%), which, like Synchrony, offers private-label cards, had a delinquency rate of 5.25% in the second quarter. As with the other two card issuers above, that figure was lower than a year ago and than in the first quarter. Overall, based on results from these financial institutions, it looks like consumers are doing OK right now.
But inflation is running hot, with frequent media coverage of consumers being forced to tighten their belts. The Federal Reserve Bank of New York took a deeper dive into the numbers to get a read on what is going on. The big takeaway is that consumers are, in fact, doing OK. But there's still some risk to consider.
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Nothing to worry about, yet In a Liberty Street Economics report, researchers examined trends in 30- and 90-day delinquency rates, which are loans that are seriously delinquent and likely to be charged off. To these, the researchers added a third measure, which they called "the flow." Essentially, without getting too deep into the details, these are the loans that have moved from 30-day to 90-day delinquent in a given period.
The bad news first: "between 2022:Q3 and 2026:Q1, the percentage of credit card balances 90+ days delinquent rose from 7.6 percent to 12.8 percent, prompting concerns that Americans are falling behind on their debt payments at rates not seen since the Great Recession." That sounds really bad, but "the flow" metric changes the story in an important way.
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According to the researchers, "the flow delinquency rate--which captures the rate of new delinquencies--has remained relatively stable for almost two years." In other words, consumers are, for the most part, managing through a difficult period. The real trouble lies among those who are truly struggling. And a key part of the story here is that the researchers believe lenders appear to be reporting on delinquent debts longer before charging them off, which has inflated the 90-day delinquency rate.
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This isn't a sign that there's no risk. Summing up their results, the Fed researches noted that "when the question is 'how are households doing right now?' the flow delinquency rates...provide a more accurate view of current consumer repayment behavior. By those measures, we find that the pace of credit card delinquency is elevated but has been largely stable since 2024." Given the inflation backdrop and concerns about consumer spending, that sounds about right.
Keep a close eye on credit card delinquency rates Credit card delinquency rates are often the first place where financial strain shows up. So you should continue to monitor the 30-day delinquency rate at companies like Capital One, Synchrony, and Bread Financial. Right now, consumers appear to be holding up reasonably well, but that doesn't mean the credit situation will remain this sanguine forever. And if you are concerned, you may consider trading into companies with better credit metrics, noting that Bread Financial's delinquency rate is more than two percentage points higher than Capital One's.
Ausdal Financial Partners ve 2. čtvrtletí koupila novou pozici ve společnosti Capital One Financial Corporation za zhruba 867 000 USD. Firma zároveň oznámila čtvrtletní dividendu ve výši 0,80 USD na akcii.
Ausdal Financial Partners Inc. bought a new position in shares of Capital One Financial Corporation (NYSE:COF – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,324 shares of the financial services provider’s stock, valued at approximately $867,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evolution Wealth Management Inc. boosted its position in shares of Capital One Financial by 529.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 90 shares in the last quarter. Solstein Capital LLC acquired a new position in shares of Capital One Financial in the 2nd quarter worth approximately $26,000. VSM Wealth Advisory LLC bought a new stake in shares of Capital One Financial in the 4th quarter worth approximately $27,000. Cherry Tree Wealth Management LLC raised its holdings in shares of Capital One Financial by 1,312.5% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 105 shares in the last quarter. Finally, Ballast Advisors LLC acquired a new stake in Capital One Financial during the first quarter valued at approximately $27,000. 89.84% of the stock is currently owned by institutional investors.
Insider Activity In other news, CAO Timothy P. Golden sold 3,487 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the sale, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at $1,567,519. This represents a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Celia Karam sold 1,888 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $425,781.76. Following the sale, the insider owned 59,708 shares of the company’s stock, valued at approximately $13,465,348.16. This represents a 3.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 26,267 shares of company stock worth $5,617,648. Corporate insiders own 0.78% of the company’s stock.
Capital One Financial Trading Up 0.6% NYSE COF opened at $217.55 on Thursday. The firm’s 50 day moving average price is $209.74 and its two-hundred day moving average price is $197.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The stock has a market cap of $133.46 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.79 and a beta of 1.02. Capital One Financial (NYSE:COF – Get Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter last year, the firm posted $5.48 earnings per share. Capital One Financial’s revenue was up 26.9% compared to the same quarter last year. Equities analysts anticipate that Capital One Financial Corporation will post 20.29 EPS for the current year.
Capital One Financial Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.
Analysts Set New Price Targets Several research analysts have issued reports on COF shares. Bank of America decreased their price target on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. TD Cowen cut their price objective on Capital One Financial from $260.00 to $253.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Wolfe Research raised their price objective on Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Capital One Financial in a report on Thursday, August 20th. Finally, Piper Sandler began coverage on Capital One Financial in a research report on Monday, June 29th. They set an “overweight” rating and a $254.00 target price on the stock. Twenty-one research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $258.91.
Check Out Our Latest Report on Capital One Financial
(Free Report)
Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.
Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.
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Bank OZK acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,945 shares of the financial services provider’s stock, valued at approximately $992,000.
Several other institutional investors also recently bought and sold shares of COF. BlackRock Inc. grew its stake in shares of Capital One Financial by 0.5% in the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock worth $10,242,628,000 after acquiring an additional 236,643 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Capital One Financial by 5.4% in the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock valued at $3,023,795,000 after buying an additional 638,158 shares in the last quarter. Morgan Stanley grew its holdings in shares of Capital One Financial by 3.9% in the 4th quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock worth $2,103,196,000 after acquiring an additional 323,350 shares during the period. Norges Bank acquired a new position in shares of Capital One Financial during the 4th quarter worth approximately $2,089,803,000. Finally, Davis Selected Advisers grew its stake in Capital One Financial by 2.8% in the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock worth $2,087,878,000 after acquiring an additional 234,649 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades Several research analysts have commented on COF shares. Wolfe Research raised their price objective on Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday. Barclays reduced their price objective on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Capital One Financial in a report on Thursday, August 20th. Citigroup decreased their price objective on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Finally, Piper Sandler initiated coverage on Capital One Financial in a research note on Monday, June 29th. They issued an “overweight” rating and a $254.00 target price for the company. Twenty-one equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $258.91.
Read Our Latest Research Report on COF Insider Buying and Selling at Capital One Financial In other news, insider Ravi Raghu sold 9,726 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the transaction, the insider directly owned 26,328 shares of the company’s stock, valued at $5,523,087.84. This trade represents a 26.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,888 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $225.52, for a total transaction of $425,781.76. Following the completion of the sale, the insider directly owned 59,708 shares in the company, valued at $13,465,348.16. This represents a 3.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 26,267 shares of company stock valued at $5,617,648. Insiders own 0.78% of the company’s stock.
Capital One Financial Stock Performance Shares of COF stock opened at $216.91 on Friday. The company has a 50-day simple moving average of $210.04 and a 200 day simple moving average of $197.87. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $133.07 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 0.80 and a beta of 1.02.
Capital One Financial (NYSE:COF – Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. The firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.48 earnings per share. On average, sell-side analysts predict that Capital One Financial Corporation will post 20.29 earnings per share for the current year.
Capital One Financial Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.
Capital One Financial Company Profile (Free Report)
Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.
Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.
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EP Wealth Advisors LLC bought a new position in shares of Capital One Financial Corporation (NYSE:COF – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,130 shares of the financial services provider’s stock, valued at approximately $2,434,000.
A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC boosted its stake in Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after buying an additional 10,428 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Capital One Financial by 44.3% in the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock worth $1,608,000 after acquiring an additional 2,753 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Capital One Financial by 118.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock worth $702,000 after acquiring an additional 1,788 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Capital One Financial during the 2nd quarter worth $218,000. Finally, Jump Financial LLC purchased a new position in shares of Capital One Financial during the 2nd quarter worth $1,086,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.
Capital One Financial Stock Performance NYSE COF opened at $218.05 on Friday. The stock has a market cap of $133.77 billion, a PE ratio of 13.49, a P/E/G ratio of 0.80 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The stock has a fifty day simple moving average of $208.66 and a 200-day simple moving average of $198.21.
Capital One Financial (NYSE:COF – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. The firm had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company’s quarterly revenue was up 26.9% on a year-over-year basis. During the same period last year, the company earned $5.48 EPS. Equities analysts anticipate that Capital One Financial Corporation will post 20.29 earnings per share for the current year. Capital One Financial Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.
Key Capital One Financial News Here are the key news stories impacting Capital One Financial this week:
Positive Sentiment: COF’s latest quarterly results exceeded expectations, with earnings per share of $5.81 versus the $4.79 consensus and revenue of $15.83 billion. The company’s revenue increased 26.9% year over year, helping drive a roughly 9.6% gain since the earnings release. Capital One Up 9.6% Since Last Earnings Report Positive Sentiment: Analyst expectations remain constructive. The recent median price target cited for COF is $254.50, above the stock’s referenced trading level, while Bank of America reportedly maintained a Buy rating. Investors are also looking for continued earnings growth and potential valuation expansion. Bank of America Maintains Buy Rating Why Capital One Could See Earnings Growth and Multiple Expansion Neutral Sentiment: Capital One will redeem all 1 million outstanding shares of its Series M fixed-rate reset non-cumulative perpetual preferred stock on September 1, 2026. The action is a capital-management decision with limited direct impact on operating earnings, though investors may monitor its effect on the company’s capital structure. Capital One Announces Series M Preferred Stock Redemption Negative Sentiment: Consumer-credit concerns are weighing on the shares. Industry credit-card delinquencies remain elevated, and Capital One’s 30-plus-day delinquency rate reportedly edged up to 3.48% in July, despite an improvement in net charge-offs. This mixed data is particularly important because Capital One has substantial credit-card exposure. Capital One Falls as Investors Weigh Consumer Credit Pressure Negative Sentiment: Bank of America also noted slower card growth, adding to concerns that future loan and revenue growth could moderate. Separately, reported insider activity showed substantial selling and no open-market purchases during the past six months, a potentially cautious signal, although insider sales can reflect compensation or diversification. Bank of America Sends Message on Capital One Stock Insider Buying and Selling at Capital One Financial In other news, CAO Timothy P. Golden sold 3,487 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the transaction, the chief accounting officer directly owned 7,429 shares in the company, valued at approximately $1,567,519. This represents a 31.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Celia Karam sold 1,888 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $425,781.76. Following the transaction, the insider directly owned 59,708 shares of the company’s stock, valued at $13,465,348.16. The trade was a 3.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 26,267 shares of company stock valued at $5,617,648. 0.78% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In COF has been the topic of several recent research reports. Piper Sandler assumed coverage on shares of Capital One Financial in a research report on Monday, June 29th. They set an “overweight” rating and a $254.00 price target on the stock. Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Bank of America reduced their target price on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. UBS Group boosted their target price on shares of Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Capital One Financial in a research note on Thursday. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.14.
Check Out Our Latest Stock Analysis on COF
(Free Report)
Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.
Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.
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Blue Owl Capital Holdings LP ve 2. čtvrtletí nově koupila podíl v Capital One Financial a získala 119 757 akcií za zhruba 24,026 mil. USD. Podíl tvoří 3,6 % jejích aktiv.
Blue Owl Capital Holdings LP acquired a new stake in Capital One Financial Corporation (NYSE:COF – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 119,757 shares of the financial services provider’s stock, valued at approximately $24,026,000. Capital One Financial accounts for approximately 3.6% of Blue Owl Capital Holdings LP’s holdings, making the stock its 7th largest holding.
Other hedge funds also recently made changes to their positions in the company. Evolution Wealth Management Inc. increased its holdings in shares of Capital One Financial by 529.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 90 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in Capital One Financial during the 4th quarter valued at $27,000. Cherry Tree Wealth Management LLC boosted its position in Capital One Financial by 1,312.5% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 105 shares during the period. Ballast Advisors LLC bought a new position in Capital One Financial during the first quarter worth $27,000. Finally, Strive Asset Management LLC acquired a new position in shares of Capital One Financial in the third quarter valued at $28,000. 89.84% of the stock is owned by institutional investors and hedge funds.
Key Capital One Financial News Here are the key news stories impacting Capital One Financial this week:
Positive Sentiment: Capital One’s latest quarterly results exceeded expectations, with earnings per share of $5.81 versus the $4.79 consensus and revenue of $15.83 billion, up 26.9% year over year. The stock remains up about 9.6% since that report, while analysts continue to see upside, with reported price targets generally ranging from $231 to $275. Capital One Up 9.6% Since Last Earnings Report Positive Sentiment: Bank of America maintained a Buy rating despite slower card growth, indicating that the bank’s credit performance and longer-term outlook remain supportive. Capital One also continues to benefit from investor interest in potential earnings growth and valuation expansion. Bank of America Maintains Buy Rating Positive Sentiment: The company announced the full redemption of its Series M fixed-rate reset non-cumulative perpetual preferred stock on September 1, 2026. The move may simplify Capital One’s capital structure and reduce preferred-stock obligations, although the immediate effect on common-stock earnings is likely limited. Capital One Announces Series M Preferred Stock Redemption Neutral Sentiment: Capital One’s quarterly dividend remains $0.80 per share, or $3.20 annualized, representing an indicated yield of roughly 1.4%. The payout ratio is relatively modest at approximately 20%, leaving room for capital flexibility. Negative Sentiment: Renewed concerns about consumer credit are weighing on the stock. Industry credit-card delinquency rates remain elevated, and Capital One’s 30-plus-day delinquency rate reportedly edged up to 3.48% in July, even though net charge-offs improved. Because Capital One has significant credit-card exposure, investors remain cautious about whether credit normalization will continue. Investors Weigh Consumer Credit Pressure Negative Sentiment: Recent disclosures show extensive insider selling, with multiple executives selling shares and no reported insider purchases over the past six months. Several sales were conducted under pre-arranged Rule 10b5-1 plans, limiting their significance, but the pattern may still add to short-term investor caution. Analysts Set New Price Targets A number of analysts have recently issued reports on the stock. Rothschild & Co Redburn cut their target price on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. HSBC upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Bank of America reduced their price objective on Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. increased their target price on Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Twenty-one investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $259.14. Read Our Latest Research Report on Capital One Financial
Capital One Financial Price Performance Shares of Capital One Financial stock opened at $212.55 on Friday. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The company has a 50-day simple moving average of $207.98 and a two-hundred day simple moving average of $198.07. The stock has a market capitalization of $130.40 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 0.81 and a beta of 1.02.
Capital One Financial (NYSE:COF – Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. The firm had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business’s revenue was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.48 EPS. Analysts forecast that Capital One Financial Corporation will post 20.29 EPS for the current year.
Capital One Financial Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a $0.80 dividend. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.
Insider Buying and Selling In related news, CAO Timothy P. Golden sold 3,487 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the transaction, the chief accounting officer owned 7,429 shares of the company’s stock, valued at $1,567,519. The trade was a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lia Dean sold 2,193 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the sale, the insider directly owned 63,261 shares of the company’s stock, valued at $14,266,620.72. This represents a 3.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,267 shares of company stock valued at $5,617,648 in the last ninety days. Insiders own 0.78% of the company’s stock.
Capital One Financial Company Profile (Free Report)
Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.
Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.
Featured Stories Five stocks we like better than Capital One Financial 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
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Bank of New York Mellon Corp ve 2. čtvrtletí zvýšila podíl v Capital One Financial o 3,5 % na 5 621 240 akcií. Capital One zároveň oznámila EPS 5,81 USD, nad odhadem 4,79 USD.
Bank of New York Mellon Corp grew its stake in Capital One Financial Corporation (NYSE:COF) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,621,240 shares of the financial services provider’s stock after buying an additional 187,532 shares during the period. Bank of New York Mellon Corp owned 0.92% of Capital One Financial worth $1,127,733,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. HighTower Advisors LLC lifted its holdings in shares of Capital One Financial by 18.1% in the 4th quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock valued at $85,739,000 after purchasing an additional 54,263 shares during the last quarter. Swiss Life Asset Management Ltd grew its stake in Capital One Financial by 11.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 115,843 shares of the financial services provider’s stock worth $28,076,000 after buying an additional 11,651 shares during the last quarter. Vanguard Group Inc. increased its position in Capital One Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock worth $13,789,615,000 after buying an additional 360,071 shares during the period. Nomura Asset Management Co. Ltd. increased its position in Capital One Financial by 2.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider’s stock worth $54,283,000 after buying an additional 6,225 shares during the period. Finally, Truist Financial Corp lifted its stake in Capital One Financial by 2.5% in the fourth quarter. Truist Financial Corp now owns 640,050 shares of the financial services provider’s stock valued at $155,122,000 after buying an additional 15,644 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.
Capital One Financial Trading Down 3.7% NYSE COF opened at $212.55 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $130.40 billion, a P/E ratio of 13.15, a P/E/G ratio of 0.81 and a beta of 1.02. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The firm has a 50-day moving average price of $207.98 and a 200 day moving average price of $198.07.
Capital One Financial (NYSE:COF – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. During the same quarter in the previous year, the company earned $5.48 EPS. The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. Equities research analysts expect that Capital One Financial Corporation will post 20.29 EPS for the current year. Capital One Financial Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.
Insider Transactions at Capital One Financial In related news, insider Lia Dean sold 2,193 shares of Capital One Financial stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the sale, the insider directly owned 63,261 shares in the company, valued at $14,266,620.72. The trade was a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the transaction, the insider directly owned 26,328 shares in the company, valued at $5,523,087.84. This represents a 26.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 26,267 shares of company stock valued at $5,617,648. 0.78% of the stock is owned by company insiders.
Key Headlines Impacting Capital One Financial Here are the key news stories impacting Capital One Financial this week:
Positive Sentiment: Capital One’s latest quarterly results exceeded expectations, with earnings per share of $5.81 versus the $4.79 consensus and revenue of $15.83 billion, up 26.9% year over year. The stock remains up about 9.6% since that report, while analysts continue to see upside, with reported price targets generally ranging from $231 to $275. Capital One Up 9.6% Since Last Earnings Report Positive Sentiment: Bank of America maintained a Buy rating despite slower card growth, indicating that the bank’s credit performance and longer-term outlook remain supportive. Capital One also continues to benefit from investor interest in potential earnings growth and valuation expansion. Bank of America Maintains Buy Rating Positive Sentiment: The company announced the full redemption of its Series M fixed-rate reset non-cumulative perpetual preferred stock on September 1, 2026. The move may simplify Capital One’s capital structure and reduce preferred-stock obligations, although the immediate effect on common-stock earnings is likely limited. Capital One Announces Series M Preferred Stock Redemption Neutral Sentiment: Capital One’s quarterly dividend remains $0.80 per share, or $3.20 annualized, representing an indicated yield of roughly 1.4%. The payout ratio is relatively modest at approximately 20%, leaving room for capital flexibility. Negative Sentiment: Renewed concerns about consumer credit are weighing on the stock. Industry credit-card delinquency rates remain elevated, and Capital One’s 30-plus-day delinquency rate reportedly edged up to 3.48% in July, even though net charge-offs improved. Because Capital One has significant credit-card exposure, investors remain cautious about whether credit normalization will continue. Investors Weigh Consumer Credit Pressure Negative Sentiment: Recent disclosures show extensive insider selling, with multiple executives selling shares and no reported insider purchases over the past six months. Several sales were conducted under pre-arranged Rule 10b5-1 plans, limiting their significance, but the pattern may still add to short-term investor caution. Analyst Ratings Changes COF has been the topic of a number of research reports. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. HSBC upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $226.00 to $229.00 in a research report on Sunday, July 12th. Rothschild & Co Redburn decreased their price target on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Barclays dropped their price objective on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Finally, TD Cowen reduced their target price on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average price target of $259.14.
Get Our Latest Analysis on Capital One Financial
(Free Report)
Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.
Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.
Recommended Stories Five stocks we like better than Capital One Financial 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF – Free Report).
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B. Metzler seel. Sohn & Co. AG ve 2. čtvrtletí koupila nový podíl ve společnosti Capital One Financial za zhruba 10,5 milionu USD. Institucionální investoři nyní drží 89,84 % akcií.
B. Metzler seel. Sohn & Co. AG purchased a new stake in Capital One Financial Corporation (NYSE:COF – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 52,305 shares of the financial services provider’s stock, valued at approximately $10,493,000.
Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its position in Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after purchasing an additional 10,428 shares during the period. Intech Investment Management LLC lifted its position in shares of Capital One Financial by 44.3% in the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock worth $1,608,000 after purchasing an additional 2,753 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Capital One Financial by 118.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 1,788 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Capital One Financial in the 2nd quarter valued at $218,000. Finally, Jump Financial LLC acquired a new stake in shares of Capital One Financial during the second quarter worth $1,086,000. Institutional investors and hedge funds own 89.84% of the company’s stock.
Capital One Financial Trading Down 3.7% COF opened at $212.55 on Friday. The company has a fifty day moving average price of $207.98 and a two-hundred day moving average price of $198.07. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The company has a market cap of $130.40 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 0.81 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39.
Capital One Financial (NYSE:COF – Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter in the prior year, the firm earned $5.48 EPS. The business’s revenue was up 26.9% on a year-over-year basis. Analysts predict that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year. Capital One Financial Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.
Trending Headlines about Capital One Financial Here are the key news stories impacting Capital One Financial this week:
Positive Sentiment: Capital One’s latest quarterly results exceeded expectations, with earnings per share of $5.81 versus the $4.79 consensus and revenue of $15.83 billion, up 26.9% year over year. The stock remains up about 9.6% since that report, while analysts continue to see upside, with reported price targets generally ranging from $231 to $275. Capital One Up 9.6% Since Last Earnings Report Positive Sentiment: Bank of America maintained a Buy rating despite slower card growth, indicating that the bank’s credit performance and longer-term outlook remain supportive. Capital One also continues to benefit from investor interest in potential earnings growth and valuation expansion. Bank of America Maintains Buy Rating Positive Sentiment: The company announced the full redemption of its Series M fixed-rate reset non-cumulative perpetual preferred stock on September 1, 2026. The move may simplify Capital One’s capital structure and reduce preferred-stock obligations, although the immediate effect on common-stock earnings is likely limited. Capital One Announces Series M Preferred Stock Redemption Neutral Sentiment: Capital One’s quarterly dividend remains $0.80 per share, or $3.20 annualized, representing an indicated yield of roughly 1.4%. The payout ratio is relatively modest at approximately 20%, leaving room for capital flexibility. Negative Sentiment: Renewed concerns about consumer credit are weighing on the stock. Industry credit-card delinquency rates remain elevated, and Capital One’s 30-plus-day delinquency rate reportedly edged up to 3.48% in July, even though net charge-offs improved. Because Capital One has significant credit-card exposure, investors remain cautious about whether credit normalization will continue. Investors Weigh Consumer Credit Pressure Negative Sentiment: Recent disclosures show extensive insider selling, with multiple executives selling shares and no reported insider purchases over the past six months. Several sales were conducted under pre-arranged Rule 10b5-1 plans, limiting their significance, but the pattern may still add to short-term investor caution. Wall Street Analysts Forecast Growth A number of brokerages recently weighed in on COF. HSBC raised shares of Capital One Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $226.00 to $229.00 in a research note on Sunday, July 12th. JPMorgan Chase & Co. increased their price target on Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Capital One Financial in a research report on Thursday. Weiss Ratings raised Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Finally, TD Cowen cut their target price on Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Twenty-one investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $259.14.
View Our Latest Research Report on Capital One Financial
Insider Activity In related news, CAO Timothy P. Golden sold 3,487 shares of Capital One Financial stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the sale, the chief accounting officer owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. This trade represents a 31.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ravi Raghu sold 9,726 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the sale, the insider owned 26,328 shares of the company’s stock, valued at $5,523,087.84. This trade represents a 26.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 26,267 shares of company stock valued at $5,617,648. Corporate insiders own 0.78% of the company’s stock.
(Free Report)
Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.
Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.
Featured Stories Five stocks we like better than Capital One Financial 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
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Capital One za poslední měsíc přidal asi 9,6 % a v posledním čtvrtletí překonal odhady díky vyšším výnosům a nižším rezervám. Zisk na akcii činil 5,81 USD.
It has been about a month since the last earnings report for Capital One (COF - Free Report) . Shares have added about 9.6% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Capital One due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers.
Capital One's Q2 Earnings Beat on Higher Revenues, Lower ProvisionsCapital One’s second-quarter 2026 adjusted earnings of $5.81 per share significantly outpaced the Zacks Consensus Estimate of $4.85. The bottom line was up from $5.48 in the prior-year quarter.
Results benefited from a rise in NII and non-interest income, along with a substantial decline in provisions. Loan growth and improvement in NIM were other positives. However, higher expenses and a sequential decline in deposits were undermining factors.
Results excluded acquisition-related amortization expenses and Discover Financial and Brex integration costs. Including these, net income available to common stockholders (GAAP basis) was $2.94 billion or $4.73 per share against a net loss available to common stockholders of $4.34 billion or $8.58 per share in the prior-year quarter.
Revenues Increase, Expenses RiseTotal net revenues were $15.85 billion, rising 27% year over year. Also, the top line beat the Zacks Consensus Estimate of $15.7 billion.
NII was $12.37 billion, up 24% from the prior-year quarter. NIM expanded 39 basis points (bps) to 8.01%.
Non-interest income was $3.48 billion, jumping 39%. This was driven by higher net discount and interchange fees, service charges and other customer-related fees and other income.
Non-interest expense was $9.04 billion, up 29%. The increase reflected a rise in salaries and associate benefits, occupancy and equipment costs, marketing expenses, communications and data-processing costs, amortization of intangibles and other expenses.
The efficiency ratio was 57.05%, falling from 55.96% in the prior-year quarter. A rise in the efficiency ratio indicates lower profitability.
As of June 30, 2026, loans held for investment were $457.17 billion, up 2% from the prior quarter. Total deposits were $484.26 billion, down 1% sequentially.
Credit Quality ImprovesProvision for credit losses was $2.99 billion, down 74% year over year. The allowance for credit losses, as a percentage of loans held for investment, was 5.02%, down 41 bps.
The 30-plus-day performing delinquency rate was 2.91%, down 22 bps year over year. The 30-plus-day delinquency rate was 3.13%, down 19 bps. The quarter included a $662-million loan reserve release, primarily driven by favorable credit performance in Domestic Card.
On the other hand, net charge-offs (NCOs) were $3.64 billion, rising 19% year over year.
Capital Ratios DeclineAs of June 30, 2026, the common equity Tier 1 capital ratio was 13.7%, down from 14% in the prior-year quarter. The Tier 1 capital ratio was 14.8%, down from 15.1% a year ago.
Share Repurchase UpdateDuring the reported quarter, Capital One repurchased 14 million shares for $2.7 billion.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates revision.
VGM ScoresCurrently, Capital One has a average Growth Score of C, a grade with the same score on the momentum front. However, the stock was allocated a score of A on the value side, putting it in the top quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Capital One has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
MCLEAN, Va.--(BUSINESS WIRE)--Capital One Financial Corporation (NYSE: COF) today announced that it will redeem all outstanding shares of its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series M, $0.01 par value per share (“Series M Preferred Stock”) on September 1, 2026 (the “Series M Redemption Date”).
All one million outstanding shares of the Series M Preferred Stock (CUSIP: 14040HCF0) will be redeemed at a price of $1,000 per share of preferred stock on the Series M Redemption Date.
Regular dividends on the outstanding shares of the Series M Preferred Stock of $9.875 per share will be paid separately on the Series M Redemption Date, to holders of record as of the close of business on August 17, 2026, in the customary manner. Accordingly, the redemption price for the Series M Preferred Stock will not include any accrued and unpaid dividends. On and after the redemption date, all dividends on the shares of Series M Preferred Stock will cease to accrue.
The Series M Preferred Stock is held through The Depository Trust Company (“DTC”) and will be redeemed in accordance with the procedures of DTC. Payment to DTC for the Series M Preferred Stock will be made by Computershare Trust Company, N.A., as redemption agent, in accordance with the Transfer Agency and Service Agreement and the Redemption Agent Agreement that govern the redemption of the Series M Preferred Stock. The address for the redemption agent is as follows:
Computershare Trust Company, N.A.
Attn: Corporate Actions
150 Royall St.
Canton, MA 02021
Forward-Looking Statements
Certain statements in this release may constitute forward-looking statements, which involve a number of risks and uncertainties. Forward-looking statements often use words such as “will,” “anticipate,” “target,” “expect,” “think,” “estimate,” “intend,” “plan,” “goal,” “believe,” “forecast,” “outlook” or other words of similar meaning. Any forward-looking statements made by Capital One or on its behalf speak only as of the date they are made or as of the date indicated, and Capital One does not undertake any obligation to update forward-looking statements as a result of new information, future events or otherwise. Capital One cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information due to a number of factors. For additional information on factors that could materially influence forward-looking statements included in this press release, see the risk factors set forth under “Part I—Item 1A. Risk Factors” in the Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission (the “SEC”) and Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC.
About Capital One
Capital One Financial Corporation (NYSE: COF) is a leading technology-based financial services company with $484.3 billion in deposits and $673.8 billion in total assets as of June 30, 2026. Headquartered in McLean, Virginia, the company operates as a premier global payments provider and diversified financial institution, delivering a broad suite of products and consumer lifestyle and shopping experiences through its Credit Card, Consumer Banking including its Global Payment Network, and Commercial Banking lines of business. As the only major U.S. bank to migrate entirely to the public cloud, Capital One leverages proprietary data and advanced analytics to democratize financial tools across its primary markets in the United States, Canada, and the United Kingdom.
BLB&B Advisors LLC grew its holdings in Capital One Financial Corporation (NYSE:COF – Free Report) by 5.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 52,480 shares of the financial services provider’s stock after acquiring an additional 2,719 shares during the quarter. BLB&B Advisors LLC’s holdings in Capital One Financial were worth $10,529,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in Capital One Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock valued at $13,789,615,000 after purchasing an additional 360,071 shares during the last quarter. Franklin Resources Inc. raised its holdings in Capital One Financial by 5.4% during the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock worth $3,023,795,000 after purchasing an additional 638,158 shares in the last quarter. Morgan Stanley raised its holdings in Capital One Financial by 3.9% during the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock worth $2,103,196,000 after purchasing an additional 323,350 shares in the last quarter. Norges Bank purchased a new stake in shares of Capital One Financial during the 4th quarter worth approximately $2,089,803,000. Finally, Davis Selected Advisers lifted its position in shares of Capital One Financial by 2.8% during the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock worth $2,087,878,000 after buying an additional 234,649 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.
Capital One Financial Stock Performance
Shares of COF opened at $227.19 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm has a market cap of $139.37 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02. The company’s 50 day simple moving average is $204.93 and its 200-day simple moving average is $198.21. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64.
Capital One Financial (NYSE:COF – Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. During the same period in the previous year, the company posted $5.48 EPS. The company’s quarterly revenue was up 26.9% on a year-over-year basis. As a group, equities analysts predict that Capital One Financial Corporation will post 20.19 EPS for the current year.
Capital One Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.
Wall Street Analyst Weigh In
COF has been the subject of several research analyst reports. Barclays lowered their target price on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. UBS Group boosted their price target on shares of Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. HSBC raised shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $226.00 to $229.00 in a research report on Sunday, July 12th. Rothschild & Co Redburn dropped their price objective on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. raised their price objective on Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Twenty-one research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and an average target price of $259.36.
Check Out Our Latest Stock Analysis on COF
Insider Buying and Selling at Capital One Financial
In other Capital One Financial news, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction on Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the transaction, the insider directly owned 26,328 shares in the company, valued at approximately $5,523,087.84. The trade was a 26.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the completion of the sale, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at $1,567,519. The trade was a 31.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 22,186 shares of company stock valued at $4,697,301. Company insiders own 0.78% of the company’s stock.
About Capital One Financial
(Free Report)
Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.
Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.
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Capital One uvedla, že uzavřela více než 300 účtů spojených s Trump Organization po kontrole proti praní špinavých peněz. Firma tvrdí, že šlo o důvody související s praním špinavých peněz, ne o politickou diskriminaci.
U.S. President Donald Trump gives thumbs-up as he walks to board Marine One following his arrival aboard Air Force One at Morristown Municipal Airport in Morristown, New Jersey, U.S., July 31,... Purchase Licensing Rights, opens new tab Read more
SummaryCompaniesCapital One says anti-money laundering review prompted closure of more than 300 Trump-affiliated accountsTrump Organization and Eric Trump sued in March 2025, alleging political debankingMiami federal court tossed two complaints but let plaintiffs file amended versionsSAN FRANCISCO, Aug 1 (Reuters) - Capital One Financial (COF.N), opens new tab hit back on Friday against a lawsuit over its decision to close the Trump Organization's bank accounts years ago, stating that it did so after a review by anti-money laundering experts.
The disclosure marks the first time a bank has formally tied money laundering concerns to U.S. President Donald Trump's family business. Capital One is seeking to dismiss the case by casting doubt on claims of illegally debanking — or denying services on religious or political grounds — the Trump Organization.
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The Trump Organization and Capital One did not immediately respond to requests for comment.
Capital One has never accused the Trump Organization of illegal money laundering. But Friday's filing argues that "documents and Plaintiffs’ own allegations make clear that Capital One closed Plaintiffs’ accounts for anti-money laundering (“AML”) reasons. The closures were the result of months of analysis and a careful review by Capital One’s AML team in accordance with bank policies and regulatory guidance."
Capital One gave notice of its plans to close more than 300 Trump-affiliated bank accounts in March 2021. The Trump Organization and Eric Trump, the president’s son, filed a lawsuit in March 2025 in a Florida federal court, alleging the accounts were closed because of Capital One’s “woke” beliefs and its desire to benefit from the political mood after the January 6, 2021 riot at the U.S. Capitol.
'MISGUIDED' ALLEGATIONS: CAPITAL ONEThe federal court in Miami has tossed two complaints in the Capital One case, but gave the plaintiffs opportunities each time to submit an amended complaint. Capital One said that the latest version, filed in July, “suffers from the same fundamental flaws as their prior two pleadings.”
Capital One said in Friday’s filing that the Trump Organization’s allegations of political pretext were “misguided” and “based on cherry-picked quotations unsupported by the full context” of documents submitted to the court.
“The transaction patterns identified by Capital One are among the types of activity flagged by federal banking guidance,” the filing said.
Since the start of Trump's second term, his administration has put pressure on some large banks, echoing conservative complaints that the institutions are deliberately targeting the political right.
Trump signed an executive order in August 2025 barring discriminatory debanking. In January, Trump filed a suit against JPMorgan Chase (JPM.N), opens new tab on the same grounds, underscoring the fraught policy environment Wall Street is navigating during the president’s second term.
In 2019, during his first term, Trump sued Capital One and Deutsche Bank in an attempt to prevent them from sharing financial records with Congress as part of a probe led by Democratic lawmakers. Anti-money laundering professionals at Deutsche Bank reportedly flagged a set of transactions, but executives ignored them; Deutsche Bank denied the report at the time.
Reporting by Kenrick Cai; Editing by Sergio Non and Rod Nickel
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Kenrick Cai is a correspondent for Reuters based in San Francisco. He covers Google, its parent company Alphabet and artificial intelligence. Cai joined Reuters in 2024. He previously worked at Forbes magazine, where he was a staff writer covering venture capital and startups. He received a Best in Business award from the Society for Advancing Business Editing and Writing in 2023. He is a graduate of Duke University. Reach him on Signal at @kenrick.01.
Capital One ve 2. čtvrtletí zvýšil objem nákupů o 26 %, ale růst u převzatého Discover byl jen asi 2 %. Integrace pokračuje a má trvat minimálně do druhé poloviny roku 2027.
Capital One (COF -0.54%) made a bold move by acquiring Discover. The big goal was to expand Capital One's transaction processing business, effectively taking on industry giants like Visa (V -0.04%) and Mastercard (MA -0.74%). But along with the processing business came Discover's other operations. There's an important interplay here that investors need to understand, summed up by one figure: Purchase volume.
The headline number is a little misleading Capital One's card business saw a 26% increase in purchase volume in the second quarter of 2026. That's a huge advance, but there are some important nuances to consider. The biggest nuance is highlighted by comparing the legacy Capital One business's purchase volume growth of 14% to the legacy Discover business's growth of about 2%. At first glance, that doesn't seem to square with the 26% overall increase. But the overall increase was driven by adding all of Discover's business to Capital One's existing business.
Image source: Getty Images.
Looking at the legacy businesses, meanwhile, may cause some concern. Sure, Capital One's card business remains strong, but Discover's looks like it is struggling, relatively speaking. That's not exactly the right takeaway. Capital One is busy integrating Discover's card operations into its own operations. Part of that process is upgrading the credit quality of Discover's customer base. Management has called the current lull in growth a "brownout."
The brownout is having the intended effect. Capital One's net charge-off rate for its card business fell 39 basis points between the first and second quarters. The 30-day delinquency rate fell 31 basis points. Hitting the pause button now will prepare Capital One to better deal with the next recession. It is just a matter of time before that recession arrives, so the brownout is really a wise business move.
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So far, Capital One's Discover deal is working out as planned Notably, the brownout is just one of many aspects of the Discover integration process. For example, Discover cards are currently being migrated to the Capital One customer system. Capital One debit transactions have been moved over to the Discover processing platform. There are many moving parts, and the process is nowhere near complete. In fact, the company expects the process to last until at least the second half of 2027.
So far, finance giant Capital One is executing well with what is a very complicated transaction. Shareholders should be pleased. That said, the headline growth number overstates the story, since it doesn't highlight the very important moves taking shape behind the scenes.
Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Mastercard and Visa. The Motley Fool recommends Capital One Financial. The Motley Fool has a disclosure policy.
Capital One uvedla, že integrace Discover postupuje dobře: debetní zákazníci přešli na síť Discover a kreditní klienti se přesouvají na systémy Capital One. Tržby meziročně vzrostly o 4 %.
Capital One (COF +1.44%) provided Wall Street with a solid earnings update for the second quarter of 2026. But there was a lot of noise, given the company's ongoing integration of Discover. Here's the good news from the quarter, and a look at the ongoing integration effort that will determine how successful the Capital One-Discover tie-up will be.
Earnings numbers are all over the place Right now, the acquisition of Discover means Capital One will have very complicated financial results. For example, in the second quarter of 2026, the bank posted net income per share of $4.73, up from $3.34 in the first quarter of 2026 and a loss of $8.58 per share in the year-ago period. The second quarter of 2025 looks terrible in comparison, but don't get too excited about the improvement.
Image source: Getty Images.
Second-quarter 2026 adjusted earnings came in at $5.81, up from $5.48 in the second quarter of 2025. That's a solid uptick, but the difference between adjusted and GAAP earnings highlights that there are many moving parts right now. And the Discover acquisition is a big part of the story, as is the subsequent, though much smaller, purchase of Brex. For example, the loss in the second quarter of 2025 was driven by some large Discover acquisition costs. Removing those costs pushed adjusted earnings well into positive territory. In the second quarter of 2026, costs related to Discover and Brex weren't as large, but still totaled $1.08 per share.
These costs aren't going away anytime soon. So, for now, the Discover acquisition means continued earnings complexity. That's a clear negative, but there are positives to consider, too.
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The integration is going well The real story to watch today is the integration of the Discover business, which is still a work in progress. According to the company, things are going well. Capital one debit customers have been transitioned to the Discover network. And Discover's credit card customers are actively being transferred to Capital One's back-end systems. These are big, technically difficult moves that Capital One has to get right, or it could risk losing customers.
That said, Capital One is deliberately overhauling the Discover business to shift it toward a more conservative financing approach. That will likely depress Discover's performance for a bit. So there are many moving parts, but the end of the story is still a net positive for Capital One. For example, revenues increased 4% year over year, and credit quality metrics improved across the board. That's pretty much what investors should be hoping to see. So, if you can look beyond the earnings complexity, the Capital One-Discover tie-up is still moving the company in a good direction.
Vydavatelé karet se po schválení žádosti stále více soustředí na to, kterou kartu zákazník skutečně používá, a nabízejí různé produkty podle úvěrového profilu i útraty.
Issuers are becoming more selective within credit tiers as they pursue growth across the credit spectrum.
New account growth remains strong, shifting the contest toward which cards consumers actually use once they are approved.
Private-label, co-branded and general-purpose cards are increasingly giving issuers different routes to the same consumer.
Capital One and Synchrony earnings results this week highlight a consumer credit market that is becoming more segmented: lenders are drawing finer distinctions within credit tiers, millions of new accounts are still being opened and card products are increasingly being matched to both a borrower’s credit profile and expected spending behavior.
Beyond the traditional measures of spending, balances and credit losses, the second-quarter earnings calls provide a closer view of how two of the largest card issuers are approaching consumers after several years of tightening, normalization and changes in household finances.
1. Prime Versus Subprime Capital One continues to originate across the spectrum, but its treatment of the Discover portfolio illustrates how much can differ among borrowers within broad credit categories. Discover expanded credit during 2022 and 2023 before reducing originations and credit-line increases beginning late in 2023. Since acquiring the company, Capital One has tightened further in areas where it is less comfortable with borrowers’ ability to withstand financial pressure, particularly among high-balance revolvers.
At the same time, Capital One is investing heavily at the other end of the market. Chairman and CEO Richard Fairbank said during the earnings call that the company continues to pursue its “heavy spender franchise at the top of the market,” while also pointing analysts toward its originated upmarket portfolio as a better comparison with issuers that do not deliberately originate subprime accounts.
PYMNTS Intelligence data shows why improving credit metrics do not erase pressure among subprime consumers. About 17% of U.S. consumers, or 44 million adults, are subprime, and 55% struggle to pay monthly bills. Yet their card behavior is changing: the share that always or usually revolves balances fell from roughly 50% in mid-2023 to 38% in January 2026, while 35% hold no credit or store card at all. For issuers, subprime remains a sizable market, but one increasingly defined by cash-flow pressure and changing credit use rather than FICO scores alone.
Synchrony has also experienced a change in its credit mix as it has added and renewed major partners. When an analyst asked about the implications of the portfolio moving toward higher-credit-quality consumers, CEO Brian Doubles said the company evaluates programs against its long-term return requirements, including newer and smaller programs.
A FICO score establishes an important measure of risk, but lenders also have to account for balance size, propensity to revolve, expected spending and the economics of acquiring and retaining that particular account.
2. Opening the Account Is Becoming Only Half the Job Synchrony generated more than 5.1 million new accounts during the second quarter and roughly 9.5 million to 10 million during the first half. CFO Brian Wenzel said that puts the company on a trajectory toward about 20 million new accounts for the year. The growth extends across partners and retail categories rather than depending on a single program.
Capital One next expansion could also come from Discover once the portfolio conversion is complete. Half of Discover’s new originations are already running on Capital One technology, with the front book expected to be fully converted by the end of the third quarter.
Digital Channels Raise the Stakes After Approval The large number of new accounts makes the post-approval relationship more consequential. PYMNTS Intelligence found that 70% of cardholders use their primary card’s mobile app and 69% say app quality influences which credit card becomes their most used card. That figure reaches 87% among Gen Z. Nearly one-third of app users said they increased spending on a card after adopting its app.
The digital channel therefore connects account acquisition to spending behavior. An issuer can approve a customer and still receive little economic value if another card captures most of that consumer’s transactions. Apps increasingly serve as the place where cardholders check balances, manage payments and rewards, and decide how actively to use the account.
3. One Consumer Can Now Fit Several Card Products The discussion on conference calls indicate that issuers are using different products to capture consumers with different credit and spending profiles.
Synchrony’s Lowe’s relationship provides a clear example. Its commercial co-branded card now operates alongside the retailer’s private-label program, creating another route for applicants who do not fit the underwriting requirements of the co-brand.
Wenzel said applicants who might otherwise receive nothing after applying for the co-brand can be “offered at least a private label card.”
The implications extend beyond Lowe’s. Private-label cards can be targeted around purchases with a particular retailer, while co-branded general-purpose cards can follow spending outside that merchant. Different underwriting criteria can consequently place consumers into different products rather than treating approval as a binary decision.
Capital One is approaching segmentation through its Discover integration. Fairbank said putting Discover originations onto Capital One technology will allow the company to deploy “full spectrum underwriting” alongside its spender capabilities, which it expects eventually to support more originations and purchase volume.
The earnings point toward a card business becoming more precise at several points in the consumer relationship. Issuers are differentiating more closely among borrowers, competing harder for spending after an account is opened and using multiple card products to accommodate different credit profiles.
Capital One Financial Corporation (COF) Q2 2026 Earnings Call July 21, 2026 5:00 PM EDT
Company Participants
Jeff Norris - Senior Vice President of Finance
Andrew Young - Chief Financial Officer
Richard Fairbank - Founder, Chairman, CEO & President
Conference Call Participants
Terry Ma - Barclays Bank PLC, Research Division
Sanjay Sakhrani - Keefe, Bruyette, & Woods, Inc., Research Division
Ryan Nash - Goldman Sachs Group, Inc., Research Division
Darrin Peller - Wolfe Research, LLC
Richard Shane - JPMorgan Chase & Co, Research Division
Robert Wildhack - Autonomous Research US LP
Donald Fandetti - Wells Fargo Securities, LLC, Research Division
John Pancari - Evercore ISI Institutional Equities, Research Division
Mihir Bhatia - BofA Securities, Research Division
L. Erika Penala - UBS Investment Bank, Research Division
Moshe Orenbuch - TD Cowen, Research Division
Presentation
Operator
Good day, and thank you for standing by. Welcome to the Capital One Q2 2026 Earnings Call. Please be advised that today's conference is being recorded. [Operator Instructions]
I would now like to hand the conference over to your speaker today, Jeff Norris, Senior Vice President of Finance. Please go ahead.
Jeff Norris
Senior Vice President of Finance
Thanks very much, Josh, and welcome, everyone. To access the live webcast of this call, please go to the Investors section of Capital One's website, capitalone.com. A copy of the earnings presentation, press release and financial supplement can also be found in the Investors section of Capital One's website by selecting financials and then quarterly earnings release.
With me this evening are Mr. Richard Fairbank, Capital One's Chairman and Chief Executive Officer; and Mr. Andrew Young, Capital One's Chief Financial Officer. Rich and Andrew are going to walk you through this presentation, summarizing our second quarter results for 2026.
Please note that this presentation may contain forward-looking statements. Information regarding Capital One's financial performance and any forward-looking statements contained
Capital One po dokončení převodu debetních karet na síť Discover nyní testuje své kreditní karty na této síti. Firma zároveň uvedla, že domácí úvěrové ukazatele se zlepšily a delikvence klesly na 3,39 %.
Capital One card purchase volume reached $253.8 billion, while legacy Discover purchase volume increased just under 2%.
Capital One completed its debit conversion to the Discover network and is now testing Capital One credit cards on the network.
Domestic card charge-offs and delinquencies declined as payment rates remained above pre-pandemic levels.
Capital One’s Discover integration dominated discussion during the second-quarter earnings call, alongside new initiatives, with the bank testing Capital One credit cards on the Discover network while continuing to spend on technology and artificial intelligence (AI).
The company’s results on Tuesday (July 21) indicated that credit card purchase volume totaled $253.8 billion, increasing 15% sequentially and 26% from a year earlier. The year-over-year comparison includes the effect of Discover, which was present for only part of the second quarter of 2025.
Legacy Discover purchase volume increased just under 2% year over year. Purchase volume for legacy Capital One businesses, including Brex and the corporate card business transferred from commercial banking, increased about 14%. Management said most of that increase came from underlying organic growth.
Card loan growth was more restrained. Legacy Discover card loans declined 1.5% from a year earlier, while ending loans excluding Discover increased about 5.3%.
Chairman and CEO Richard Fairbank said Discover remains in what Capital One has called a “brownout” in loan growth during the integration. The company expects the constraint to continue for some time, although Fairbank said Capital One sees opportunities to increase Discover growth after the technology integration is completed.
Shares were up 0.2% in after hours trading Tuesday.
Discover Network Moves From Debit to Credit Capital One has completed the conversion of its debit cards to the Discover network, and the second quarter included the full quarterly run rate of the associated debit revenue synergies. Global Payment Network transaction volume reached approximately $190 billion, up about 9% sequentially.
The company is now testing credit card volume on the network.
“We are leaning hard into right now testing originating legacy Capital One branded accounts on the Discover network as well as testing the conversion of existing Capital One accounts to the Discover network,” Fairbank told analysts during the call.
Capital One has not announced how much credit card volume it will ultimately move or when. Fairbank said the company will make those decisions after evaluating the tests.
Network acceptance is part of that work. Capital One is addressing remaining domestic acceptance gaps and increasing international acceptance, with particular attention to Mexico, the Caribbean, Canada and the United Kingdom, which Fairbank identified as the four leading international destinations for its customers.
Technology and AI Spending Continues Capital One is carrying out the Discover integration alongside continued investment in its broader technology infrastructure.
Those investments continue to affect expenses. Domestic card non-interest expense increased 38% year over year, reflecting the addition of Discover as well as continuing technology investment.
Commentary during the call indicated that Capital One has realized about one-third of the announced Discover operating-expense synergies and expects to achieve the remainder by the second half of 2027.
Domestic card credit measures improved during the quarter. The net charge-off rate was 4.71%, down from 5.05% in the first quarter and 5.20% a year earlier.
The delinquency rate ended June at 3.39%, down 31 basis points sequentially and 21 basis points year over year. Management said credit trends were similar in the legacy Capital One and legacy Discover portfolios.
Capital One also released $662 million from its allowance for credit losses. CFO Andrew Young said the domestic card allowance reduction reflected “continued favorable observed credit in the quarter” and a modest reduction in the consideration given to economic uncertainty.
Consumers Continue to Spend and Pay Down Balances Capital One’s card results showed continued spending alongside relatively high payment rates.
Fairbank said spending growth was being driven by both account growth and “steady growth in spend per customer.” Payment rates remained “meaningfully above pre-pandemic levels across all of our customer segments,” while revolving rates have stabilized near pre-pandemic levels across the company’s major products and segments.
Those higher payment rates also help explain why loan balances are not growing as quickly as purchase volume. Fairbank said elevated payment rates “hold loan growth back a little bit,” while also associating them with stronger credit performance.
Capital One ve 2. čtvrtletí vykázala EPS 5,81 USD a tržby 15,85 mld. USD, obojí nad odhady. CEO uvedl, že výsledky odrážejí solidní růst tržeb a silný úvěrový výkon.
COF stock is moving. Watch the price action here. Capital One reported quarterly earnings of $5.81 per share, which beat the consensus estimate of $4.77 by 21.8%, according to Benzinga Pro data.
Quarterly revenue came in at $15.85 billion, which beat the Street estimate of $15.77 billion and was up 26.88% from $12.492 billion in the same period last year.
Capital One gave the following second quarter income statement summary:
“Our results in the second quarter continue to reflect solid top line growth and strong credit performance,” said Richard D. Fairbank, founder and CEO. “We’re now 14 months into our integration of Discover, and integration is going well.”
COF Stock Price Activity: According to data from Benzinga Pro, Capital One shares were up 0.37% to $206.98 in Tuesday’s extended trading.
Photo: Shutterstock
Market News and Data brought to you by Benzinga APIs
Capital One čeká za 2. čtvrtletí růst tržeb o 25,7 % na 15,7 miliardy USD, tažený kartami a akvizicí Discover Financial. Zisk ale mohou stlačit vyšší rezervy, provozní náklady a akviziční výdaje.
Key Takeaways Capital One's Q2 revenues are estimated to rise 25.7% y/y to $15.7 billion.COF's NII is projected to climb 24.8%, supported by earning-asset growth and card operations.Higher provisions, operating costs and acquisition-related expenses may weigh on COF's earnings. Capital One (COF - Free Report) is scheduled to announce second-quarter 2026 results on July 21, after market close.
The company’s to-be-reported quarter’s performance is expected to have been driven by its solid credit card business and the positive effects of the Discover Financial acquisition (completed in May 2025). As such, the Zacks Consensus Estimate for revenues is pegged at $15.7 billion, which indicates year-over-year growth of 25.7%.
In the past seven days, the consensus estimate for earnings for the to-be-reported quarter has been revised 4.3% higher to $5.08. Nonetheless, the estimate indicates a 7.3% fall from the prior-year quarter. This is likely to be due to higher provision charges and an increase in operating expenses.
Estimate Revision Trend
Image Source: Zacks Investment Research
COF does not have an impressive earnings surprise history. The company’s earnings outpaced the Zacks Consensus Estimate in only two of the trailing four quarters and lagged in other two, the average beat being 18.58%.
Earnings Surprise History
Image Source: Zacks Investment Research
Major Factors at Play for Capital One’s Q2 ResultsNet Interest Income (NII): The Federal Reserve has paused rate cuts and signaled a hike later in the year amid higher inflation and a volatile macro backdrop. This followed a 175-basis-point cut in the last two years.
The overall lending scenario was impressive in the second quarter. Per the Federal Reserve’s latest data, the demand for consumer loans was solid. The Zacks Consensus Estimate for total average earning assets is pegged at $614.3 billion, implying a 17% rise from the prior-year quarter.
This, along with stable rates and decent economic growth, is expected to have helped Capital One’s NII growth. Also, the company’s continued efforts to strengthen its card operations are expected to have provided support. The consensus estimate for NII of $12.47 billion indicates 24.8% year-over-year growth.
Fee income: Supported by an overall rise in credit card usage and the Discover Financial buyout, Capital One’s interchange fees (constituting more than 60% of fee income) are likely to have increased in the quarter under review. The Zacks Consensus Estimate for interchange fees is $2.16 billion, suggesting a 46.3% year-over-year jump.
The consensus estimate for service charges and other customer-related fees of $853.7 million implies a 29.7% year-over-year rise. The Zacks Consensus Estimate for other non-interest income is pegged at $378.4 million, indicating a 4.8% rise.
Thus, the consensus estimate for total non-interest income of $3.21 billion indicates a jump of 28.4% from the prior-year quarter.
Expenses: Capital One has been witnessing a persistent rise in expenses over the past several quarters due to higher marketing costs and investment in technology upgrades. The Discover Financial and Brex acquisitions, along with inflation pressure, are expected to have resulted in an increase in operating expenses in the second quarter.
Asset Quality: Capital One is likely to have set aside a significant amount of money for potential delinquent loans, as the interest rates have been unchanged and there has been a steady rise in credit card loan demand.
Given the current macro backdrop and higher inflation, because of the Middle East conflict and the oil price shocks, borrowers are likely to have faced problems in keeping up with loan repayments. Hence, credit costs for COF are likely to have risen in the to-be-reported quarter.
Notable Development for Capital One in Q2In April, Capital One completed the acquisition of Brex for approximately $2.56 billion in cash and issued nearly 10.7 million shares of its common stock. This will significantly strengthen the company’s strategic expansion into the business payments and AI-driven financial software space.
Brex is a leading AI-native financial platform that integrates corporate cards, expense management software and banking services into a single ecosystem. Its platform leverages AI to automate workflows, streamline expense reviews and enable secure, real-time payments for businesses.
By integrating Brex’s AI-powered capabilities, COF is expected to enhance innovation in corporate payments and spend management, enabling businesses to operate with greater speed, control and efficiency through automated workflows, real-time visibility and reduced manual processes.
What Our Quantitative Model Unveils for COFAccording to our quantitative model, the chances of Capital One beating the Zacks Consensus Estimate for earnings this time are high. This is because it has the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better.
You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Capital One is +1.54%.
Zacks Rank: The company currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Capital One’s Price PerformanceIn the second quarter, COF shares gained 10%, underperforming the Zacks Consumer Loans industry. Its peers Ally Financial (ALLY - Free Report) and Navient Corporation (NAVI - Free Report) have rallied 17.2% and 4.1%, respectively.
2Q26 Price Performance
Image Source: Zacks Investment Research
Ally Financial is scheduled to announce second-quarter 2026 numbers on July 21, whereas Navient is set to report on Aug. 8.
Over the past week, the Zacks Consensus Estimate for Ally Financial’s second-quarter 2026 earnings has been revised lower to $1.24. The consensus estimate for Navient has been unchanged at 18 cents over the past seven days. At present, both ALLY and NAVI carry a Zacks Rank #3.
Capital One (COF - Free Report) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 21. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis credit card issuer and bank is expected to post quarterly earnings of $4.89 per share in its upcoming report, which represents a year-over-year change of -10.8%.
Revenues are expected to be $15.69 billion, up 25.6% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.41% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Capital One?For Capital One, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.95%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Capital One will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Capital One would post earnings of $4.61 per share when it actually produced earnings of $4.42, delivering a surprise of -4.12%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Capital One doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Capital One začne 27. července přesouvat některé produkty Discover na vlastní backend. Úspěch integrace je klíčový, aby si udržela miliony nových kreditních vztahů.
Capital One (COF +0.71%) is best known for issuing credit cards. However, it demonstrated that it had wider aspirations when it bought Discover, a payment processing company. Although the merger is complete, the integration process is still a work in progress. July 27 will be a big date to watch, since that's when some Discover products will start being integrated into Capital One's back end.
Finance is hard, technically speaking The finance industry is highly regulated. The technology that supports financial businesses is complex, and each company typically has a proprietary system. Mistakes that affect customers are frowned upon by both customers and regulators. This is why July 27 is so important for Capital One shareholders to watch.
Image source: Getty Images.
While Discover cards will still exist in name, that is when they will start being supported by the Capital One back end. Strong execution will be vital, and it is highly likely that Capital One's tech team is under significant pressure to ensure a smooth cutover. If the transition process goes poorly, Capital One risks losing Discover customers.
However, there's another problem to consider, even if the cut over is flawless. If Discover cardholders don't like the Capital One back end, they might leave. So this isn't just a technical issue; it's also a product issue for the bank. To be fair, Capital One isn't making massive changes to Discover products, but it is making some changes, and more are likely in the future. One possible headache for cardholders is that new cards will be issued for authorized users, with the cards going to the primary account holder. This is being done to protect customers, but it means the primary account holder has to distribute the new cards. Capital One shareholders should probably pay extra attention over the next couple of quarters.
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Capital One has a big opportunity This is the first real test of Capital One's acquisition of Discover. If it goes well, there could be a very bright future ahead. Not only will Capital One have successfully entered the transaction processing business, but it will have added millions of new credit card relationships. If Capital One can retain those relationships, it opens up additional cross-selling opportunities for the bank and card issuer.
As noted, the problem is that the computer systems that support financial businesses are highly complex. So don't underestimate the difficulty and importance of the July 27 transition. Hopefully, Discover customers won't see much of an impact, but if they do, this merger could be far less beneficial than hoped.
MCLEAN, Va.--(BUSINESS WIRE)--Capital One Financial Corporation (NYSE: COF) posted a summary of its company-run stress test results on its website (www.capitalone.com). This summary shows the results of Capital One’s modeling of the severely adverse scenario published by the Board of Governors of the Federal Reserve System (the “Federal Reserve”). From the home page, select “About” choose “Investors” to access the Investor Center, select "Financials," and then choose “Stress Test Results” to view the current summary.
As announced by the Federal Reserve in February 2026, the Federal Reserve is maintaining the stress capital buffer requirements (“SCB”) for all participating firms at their current levels until September 30, 2027. Consequently, absent further action from the Federal Reserve, the Company’s SCB will remain at 4.5% until September 30, 2027. As a reminder, the 4.5% SCB was calculated prior to the close of the Discover acquisition and therefore is based on stand-alone Capital One.
Forward-Looking Statements
Certain statements in this release may constitute forward-looking statements, which involve a number of risks and uncertainties. Forward-looking statements often use words such as "will," "anticipate," "target," "expect," "think," "estimate," "intend," "plan," "goal," "believe," "forecast," "outlook" or other words of similar meaning. Any forward-looking statements made by Capital One or on its behalf speak only as of the date they are made or as of the date indicated, and Capital One does not undertake any obligation to update forward-looking statements as a result of new information, future events or otherwise. Capital One cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information due to a number of factors. For additional information on factors that could materially influence forward-looking statements included in this press release, see the risk factors set forth under "Part I—Item 1A. Risk Factors" in the Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission (the "SEC") and Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC.
About Capital One
Capital One Financial Corporation (NYSE: COF) is a leading technology-based financial services company with $489.1 billion in deposits and $682.9 billion in total assets as of March 31, 2026. Headquartered in McLean, Virginia, the company operates as a premier global payments provider and diversified financial institution, delivering a broad suite of products and consumer lifestyle and shopping experiences through its Credit Card, Consumer Banking including its Global Payment Network, and Commercial Banking lines of business. As the only major U.S. bank to migrate entirely to the public cloud, Capital One leverages proprietary data and advanced analytics to democratize financial tools across its primary markets in the United States, Canada, and the United Kingdom.
