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Capital One Financial Corp. Reports Fall In Q2 Income, misses estimates

July 21, 2022 — 04:10 pm EDT

Written by RTTNews.com for RTTNews ->

(RTTNews) - Capital One Financial Corp. (COF) reported earnings for second quarter that decreased from last year and missed the Street estimates.

The company's bottom line came in at $1.95 billion, or $4.96 per share. This compares with $3.45 billion, or $7.62 per share, in last year's second quarter.

Analysts on average had expected the company to earn $5.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Capital One Financial Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $1.95 Bln. vs. $3.45 Bln. last year. -EPS (Q2): $4.96 vs. $7.62 last year. -Analyst Estimates: $5.09

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
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