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0.000540267609189595 0.000540267609189595 0.00333249179500124 0.00348346377177478 0.000397879323403187 0.000397879323403187 0.000397879323403187 0.000397879323403187
Stock impact report

Capital One Financial Q1 Earnings Call Highlights [Yahoo! Finance]

Capital One Financial Corporation (COF) 
Last capital one financial corporation earnings: 4/23 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
excluding Discover-integration and purchase-accounting items, with revenue down 2% and non-interest expense down 9% sequentially, lifting pre-provision earnings by about $530 million. The company added $230 million to its allowance, bringing it to $23.6 billion (5.28% coverage), with consumer banking up $155 million and commercial up $83 million for select credits, while provisions were roughly flat at ~$4.1 billion including about $3.8 billion of net charge-offs. Liquidity climbed to about $165 billion (cash ~ $76 billion) even as net interest margin fell to 7.87% (-39 bps) due to seasonality and elevated cash; CET1 was 14.4% but the recently closed Brex acquisition (~$4.5 billion) is expected to lower CET1 by just over 40 basis points in Q2, and management reiterated $2.5 billion of targeted synergies by mid-2027. Interested in Capital One Financial Corporation? Here are five stocks we like better. MarketBeat Week in Review – 03/30 - 04/03 Capital One Financial (NYSE:COF) Show less Read more
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