Capital One Financial Corp. (COF) Releases Earnings Results, Misses Expectations By $-0.07 EPS

Capital One Financial Corp. (COF) reported quarterly earnings results on Tuesday, Apr-26-2016. The company reported $1.84 earnings per share for the quarter, missing the analyst consensus estimate by $-0.07. Analysts had a consensus of $1.91. The company posted revenue of $6220.00 million in the period, compared to analysts expectations of $6151.16 million. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 EPS.

Many Wall Street Analysts have commented on Capital One Financial Corp.. Shares were Reiterated by Deutsche Bank on Apr 8, 2016 to “Hold” and Lowered the Price Target to $ 78 from a previous price target of $79 .Capital One Financial Corp. was Downgraded by Guggenheim to ” Sell” on Apr 6, 2016. Capital One Financial Corp. was Upgraded by JP Morgan to ” Overweight” on Apr 1, 2016.

Capital One Financial Corp. opened for trading at $74.5 and hit $75.73 on the upside on Friday, eventually ending the session at $75.56, with a gain of 1.11% or 0.83 points. The heightened volatility saw the trading volume jump to 17,82,963 shares. Company has a market cap of $39,849 M.

In a different news, on Mar 3, 2016, Richard Scott Blackley (Principal Accounting Officer) sold 5,239 shares at $66.61 per share price. According to the SEC, on Nov 5, 2015, Michael Slocum (President, Commercial Banking) sold 2,930 shares at $80.86 per share price. On Jul 23, 2015, Kevin S. Borgmann (Chief Risk Officer) sold 1,811 shares at $91.42 per share price, according to the Form-4 filing with the securities and exchange commission.

Capital One Financial Corp is a diversified financial services holding company. The Company and its subsidiaries offer a range of financial products and services to consumers small businesses and commercial clients through branches the Internet and other distribution channels. In addition to bank lending treasury management and depository services the Company offers credit and debit card products auto loans and mortgage banking in markets across the United States. The Company operates three primary business segments: Credit Card Consumer Banking and Commercial Banking. The Company’s principal subsidiaries include the following: Capital One Bank (USA) National Association (COBNA) which offers credit and debit card products other lending products and deposit products and Capital One National Association (CONA) which offers a range of banking products and financial services to consumers small businesses and commercial clients.

Capital One Financial Corp.

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