EARNINGS REPORT
COCOFWORTH A LOOK
Capital One Profit Tops Forecasts, Shares Climb
Capital One earned $6.69 per share last quarter, well above the $5.50 Wall Street expected — a beat of about 22%. Revenue of roughly $16.3 billion came in about in line with forecasts, so the strength was mostly on the profit side. The stock is up about 4% so far today.
What would change this — A fresh quarterly filing showing profit per share slipping back toward the $5.50 range, or signs of rising loan losses, would cause us to rethink this.
Wall Street is firmly positive here, with several firms rating it a buy or equivalent, and Orin leans the same way as a buy with moderate confidence.Full analysis →