Capital One Financial Corporation (NYSE:COF) financial products and services provider, is expected to report third quarter earnings results, after market close, on Thursday 22nd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 2.01 per share.
Looking ahead, the full year loss are expected at $ 1.45 per share on the revenues of $ 27377.80 million.
Previous Quarter Performance
Capital One Financial Corporation unwinded loss for the second quarter of $ 1.61 per share, from the revenue of $ 6,556.00 million. The quarterly revenues dropped 7.97 percent compared with the same quarter last year. Wall street analysts are predicting, COF to report 2Q20 loss of $ 1.68 per share from revenue of $ 6831.22 million. The bottom line results beat street analysts by $ 0.07 or 4.17 percent, at the same time, top line results fell short of analysts by $ 275.22 million or 4.03 percent.
Stock Performance
Shares of Capital One Financial Corporation traded low $ -3.55 or -4.59 percent on Wednesday, reaching $ 73.72 with volume of 5.38 million shares. Capital One Financial Corporation has traded high as $ 77.18 and has cracked $ 73.68 on the downward trend
The closing price of $ 73.72, representing a 103.34 % increase from the 52 week low of $ 38.00 and a 28.18 % decrease over the 52 week high of $ 107.59.
The company has a market capital of $ 33.66 billion and is part of the Financial Services sector and Credit Services industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Piper Sandler at Overweight rating, with $ 89.00 target price.
- On 5th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 72.00 target price.
- On 16th September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 66.00 target price.
Recent Stock Dividend Announcement
On July 31, 2020, the board of directors authorized quarterly dividend of $ 0.10 per share to holders of record as of the close of business on August 10, 2020, with payment date of August 20, 2020 and ex-dividend date on August 7, 2020.
Conference Call
Capital One Financial Corporation will be hosting a conference call at 5:00 PM eastern time on 22nd October 2020, to discuss its 3Q20 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.
