Capital One Financial Corporation (NYSE:COF) is reporting second quarter financial results on Tuesday 21st July 2020, after market close.
According to analysts surveyed by Thomson Reuters, COF is expected to report 2Q20 loss of $ 1.68 per share from revenue of $ 6831.22 million.
For the full year, analysts anticipate top line of $ 27891.20 million, while looking forward to loss of $ 2.74 per share bottom line.
Previous Quarter Performance
Capital One Financial Corporation unveiled loss for the first quarter of $ 3.02 per share, from the revenue of $ 7,249.00 million. The quarterly earnings while revenues raised 3.10 percent compared with the same quarter last year. Street analysts expected $ 7262.65 million. The top line results fell short of analysts by $ 13.65 million or 0.19 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of COF was $ 60.84, representing a 60.11 % increase from the 52 week low of $ 38.00 and a 43.45 % decrease over the 52 week high of $ 107.59.
The company has a market capital of $ 27.70 billion and is part of the Financial Services sector and Credit Services industry.
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Recent Analyst recommendations
On 22nd June 2020, upgraded by UBS Group to Buy from Neutral rating, with $ 105.00 target price.
Recent Stock Dividend Announcement
On April 29, 2020, the board of directors authorized quarterly dividend of $ 0.40 per share to holders of record as of the close of business on May 11, 2020, with payment date of May 21, 2020 and ex-dividend date on May 8, 2020.
Conference Call
Capital One Financial Corporation will be hosting a conference call at 5:00 PM eastern time on 21st July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.capitalone.com
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking. The company offers non-interest-bearing and interest-bearing deposits, such as checking accounts, money market deposit accounts, negotiable order of withdrawals, savings deposits, and time deposits.
