Capital One Q1 2024 Earnings Call Highlights
Friday, 26 April 2024, 00:15
Capital One Q1 2024 Earnings Call Highlights
Capital One Financial (COF) reported a solid performance in Q1 2024, showing resilience and strength across its business segments. The company achieved $1.3 billion in earnings and $3.21 earnings per share, with total loans held for investment decreasing by 2% and total deposits increasing by 1%.
Key Points:
- Net earnings of $1.3 billion and $3.21 earnings per share.
- Decrease of 2% in loans held for investment and increase of 1% in deposits.
- Provision for credit losses decreased by $174 million compared to the prior quarter.
- Discussion on liquidity management, net interest margin, and capital position.
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