Capital One Stock Ticks Lower After Q2 Earnings: Here's Why
Portfolio Pulse from Adam Eckert
Capital One Financial Corp (NYSE:COF) reported mixed Q2 results, with a 1% YoY increase in revenue to $9.01 billion, missing the consensus estimate of $9.12 billion. However, earnings per share of $3.52 beat estimates of $3.22. Non-interest expenses and provision for credit losses decreased, while period-end credit card loans increased. The company's shares traded slightly lower in the after-hours session.
July 20, 2023 | 8:43 pm
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Capital One's mixed Q2 results and lower after-hours trading could impact its short-term stock price.
Capital One's Q2 results were mixed, with revenue missing estimates but earnings per share beating them. This, combined with the decrease in after-hours trading, could lead to short-term uncertainty and potential downward pressure on the stock.
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