Capital One reported a net income of $1.09 billion in 2024Q4, and the company's costs relating to provisions for credit loss is $2.64 billion, which far exceeds the company's net income.

Narrow-moat-rated Capital One reported fourth-quarter results that were mostly in line with our expectations, though credit costs did come in higher than we had anticipated and were a drag on ...

The credit card specialist Capital One (COF 3.30%) is not immune. Bank management reported a solid spike in loan losses, as well as a rise in delinquencies in its fourth-quarter earnings results.

Narrow-moat-rated Capital One Financial reported decent third-quarter earnings as stable credit results allowed for a modest loan reserve release. Net revenue increased 7% from last year to $10 ...

The upbeat assessment on U.S. consumers helped Capital One release some $245 million in reserves it had accumulated to guard against loan losses. Improved trends in its auto business and its ...

Select Capital One travel rewards credit cards come equipped with travel insurance coverage. Although you’ll ideally never need to use it, travel insurance is a safety measure that can save you ...

First, authorized users of the Capital One Venture X Rewards Credit Card and the Capital One Venture X Business card will no longer have free access to Capital One Lounges. Authorized users will need ...

Capital One, an online consumer bank and credit card issuer backed by investor Warren Buffett, is considering a potential acquisition of credit card lender Discover Financial Services, a person fam… ...

Capital One Financial posted a 43% drop in its fourth-quarter profit on Thursday, ... Capital One boosted its provisions for credit losses to $2.86 billion from $2.42 billion a year earlier.

Capital One credit cards are shown in Mount Prospect, Ill., Tuesday, Feb. 20, 2024. ... Last year, Capital One's provisions for loan losses rose 78% to $10.4 billion.

Capital One Financial (NYSE:COF) turned in mixed Q4 results as earnings beat the Street consensus, revenue met, and net interest income fell short of expectations. The provision for credit losses ...

Today, Capital One's allowance for losses is elevated, but overall defaults are back in normal ranges. Default rates on auto loans and credit cards are rising quickly but are no higher than before ...