NYSE$COF

Capital One Financial Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Capital One reported net income for the second quarter of 2024.

Capital One reported a net income of $597 million for the second quarter of 2024, with earnings per diluted common share at $1.38. The adjusted net income was $3.14 per diluted common share. Total net revenue increased by 1 percent to $9.5 billion.

  • Net income for Q2 2024 was $597 million, or $1.38 per diluted common share.
  • Adjusted net income for Q2 2024 was $3.14 per diluted common share.
  • Total net revenue increased 1 percent to $9.5 billion.
  • Period-end loans held for investment increased $3.0 billion to $318.2 billion.

Headline financials

Total Revenue

$9.51B

Previous: $9.01B+5.5%
EPS

$1.38

Previous: $3.52-60.8%
Net Interest Margin

6.7%

No prior period
Efficiency Ratio

52.0%

No prior period
Net Charge-Offs

$2.64B

No prior period
Net Charge-Off Rate

3.4%

No prior period
Allowance for Credit Losses

$16.6B

No prior period
CET1 Capital Ratio

13.2%

No prior period
Total Deposits

$351B

No prior period
Credit Card Loans

$154B

Previous: $143B+8.0%
Consumer Banking Loans

$75.7B

Previous: $77.3B-2.1%
Commercial Banking Loans

$88.6B

Previous: $91.6B-3.2%
Capital Expenditures

-$536M

Previous: -$441M-21.5%
Free Cash Flow

$61M

Previous: $990M-93.8%
Net Income

$597M

Previous: $1.43B-58.3%
Operating Income

-$2.07B

Previous: $643M-422.1%
Gross Profit

$5.6B

Previous: $6.52B-14.2%
Cash & Equivalents

$45.4B

Previous: $41.6B+9.2%
Total Assets

$480B

Previous: $468B+2.6%
Stock-Based Comp

$105M

Previous: $123M-14.6%

Revenue & EPS history

Capital One · Revenue · Quarterly

$9.51B

Q2 2024+5.5%vs Q2 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Capital One · $8.1B total across 1 segment · Q4 2021

  • Credit Card
    $8.1B

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+0.4%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+2.3%

Avg return

30 days after

58%

42 / 73 earnings

Positive

+10.1%

Q3 2015

Best reaction

-14.0%

Q2 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-3.7%-5.8%
Q4 2025-4.9%-4.1%-7.2%
Q3 2025+1.5%+3.0%-4.2%
Q2 2025-2.6%-2.9%+1.2%
Q1 2025+3.6%+7.6%+8.7%
Q4 2024+5.2%+6.6%+7.5%
Q3 2024+4.6%+5.7%+21.3%
Q2 2024+0.9%+2.9%-3.9%
Q1 2024-1.8%-3.7%-7.6%
Q4 2023+5.8%+5.7%+3.4%
Q3 2023+9.9%+13.8%+19.8%
Q2 2023-2.0%-2.9%-11.0%
Q1 2023+3.1%-5.2%+8.9%
Q4 2022+8.4%+9.8%+2.2%
Q3 2022+5.1%+4.8%-0.2%
Q2 2022-5.1%-7.3%-2.2%
Q1 2022-8.9%-8.7%-8.8%
Q4 2021-2.3%-3.8%-0.4%
Q3 2021-9.6%-10.5%-7.6%
Q2 2021-1.9%-0.4%+3.1%
Q1 2021+4.4%+7.8%+17.0%
Q4 2020+0.2%+1.7%+16.3%
Q3 2020+5.8%+0.5%+13.4%
Q2 2020+5.3%+6.9%+5.6%
Q1 2020+9.0%+23.7%+16.9%
Q4 2019+2.5%+0.2%-0.6%
Q3 2019+0.5%+1.8%+5.7%
Q2 2019+2.8%+7.0%-3.1%
Q1 2019+6.8%+5.7%+3.4%
Q4 2018-8.0%-6.3%-3.4%
Q3 2018-3.0%-3.2%-2.4%
Q2 2018+0.1%+1.9%+2.1%
Q1 2018-4.9%-5.9%-2.2%
Q4 2017-0.2%-0.6%-8.4%
Q3 2017+1.2%+3.4%-2.7%
Q2 2017+8.1%+7.0%+0.2%
Q1 2017-1.9%-5.1%-6.1%
Q4 2016+1.7%+2.6%+7.5%
Q3 2016+0.0%-1.0%+12.2%
Q2 2016-0.9%+0.1%+1.4%
Q1 2016-0.9%
Q4 2015+7.9%
Q3 2015+10.1%
Q2 2015-14.0%
Q1 2015-1.6%
Q4 2014+0.5%
Q3 2014-3.5%
Q2 2014-2.5%
Q1 2014+0.5%
Q4 2013-6.0%
Q3 2013-0.9%
Q2 2013+3.3%
Q1 2013+6.5%
Q4 2012-7.7%
Q3 2012+4.7%
Q2 2012-0.8%
Q1 2012+0.9%
Q4 2011-0.3%
Q3 2011+1.5%
Q2 2011-12.7%
Q1 2011-0.0%
Q4 2010+1.5%
Q4 2007+1.5%
Q3 2010-4.0%
Q2 2010+1.4%
Q4 2008+1.4%
Q1 2009+1.4%
Q4 2009+1.4%
Q1 2010-0.8%
Q3 2009+5.4%
Q3 2008+5.4%
Q2 2009-4.0%
Q2 2008-4.0%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro