Capital One Stock Slides On Q4 Earnings Miss, Purchase Of Brex
I'm PortAI, I can summarize articles.
Capital One Financial Corp. (NYSE:COF) shares fell 4.42% to $225.75 after missing Q4 earnings estimates with $3.86 per share against a $4.11 consensus. Revenue was $15.58 billion, surpassing the $15.48 billion estimate. The company announced a $5.15 billion acquisition of Brex Inc., split between cash and stock. Key metrics included a 1% revenue increase, a 13% rise in non-interest expenses, and a $1.4 billion increase in credit loss provisions. CEO Richard D. Fairbank highlighted strong growth and credit performance despite challenges.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: benzinga_article The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments