FX.co ★ Capital One Financial Corp. Q4 Profit Increases, Beats Estimates

Capital One Financial Corp. (COF) has announced an increase in its fourth-quarter profits, surpassing analysts' expectations. The company reported net earnings of $1.022 billion, or $2.67 per share, which is an improvement from last year's $639 million, or $1.67 per share. When excluding specific items, the adjusted earnings for this period were $1.185 billion, translating to $3.09 per share. This performance exceeded the average forecast by analysts, who anticipated earnings of $2.80 per share, typically excluding special items. Additionally, Capital One's revenue for the quarter saw a 7.2% growth, reaching $10.190 billion, compared to $9.506 billion in the previous year.

Summary of Capital One Financial Corp.'s Key Earnings Metrics (GAAP):

- Profits: $1.022 billion compared to $639 million last year.

- Earnings Per Share (EPS): $2.67 versus $1.67 last year.

- Revenue: $10.190 billion compared to $9.506 billion last year.