EARNINGS REPORT
COCOFWORTH A LOOK
Capital One Profit Tops Expectations, Sales Steady
Capital One earned $6.69 per share last quarter, well above the $5.50 that was expected. Revenue came in around $16.3 billion, roughly in line with forecasts. So the beat was driven by stronger profits rather than more sales.
What would change this — A fresh quarterly filing showing profit per share slipping back toward the $5.50 range, or insiders starting to sell, would make us rethink our view.
Wall Street is broadly positive here, with several firms rating the stock a buy or better — and Orin leans the same way, seeing this as a buy.Full analysis →