Capital One Stock Climbs After Better-Than-Expected Q3 Results: Details
Portfolio Pulse from Erica Kollmann
Capital One Financial Corp. (NYSE:COF) reported better-than-expected Q3 earnings and revenue, leading to a 2.83% increase in its stock price after-hours. The company saw growth in its domestic card and auto businesses, while commercial banking loans decreased.
October 24, 2024 | 8:29 pm
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Capital One Financial Corp. reported Q3 earnings of $4.51 per share, surpassing the consensus estimate of $3.76. Revenue also exceeded expectations at $10.014 billion. The stock rose 2.83% after-hours.
Capital One's Q3 earnings and revenue exceeded analyst expectations, which is a positive indicator for the stock. The increase in domestic card and auto loans suggests strong performance in key business areas. The stock's after-hours rise reflects investor confidence in these results.
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