Capital One Financial Corporation
- Open
- 203.26
- Day high
- 204.79
- Day low
- 199.84
- Prev close
- 202.28
- Volume
- 3.2M
- Mkt cap
- $124.8B
- P/E (TTM)
- 70.4
- EPS (TTM)
- $2.85
- P/B
- 1.1
- P/S
- 1.7
- Yield
- 1.50%
- Per share
- $3.00
- ▼Insiders net selling -$1.8M over the last 3 months (0 open-market buys, 6 sales)
- 🏛Institutions mixed (13F)
Capital One Financial Corporation (COF) is a Financial Services company listed on NYSE. The stock is down 7% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 6 sales (SEC Form 4). Drillr has 2 published research articles covering COF.
Capital One Financial Corporation (COF) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 9 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
COF earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 21, 2026 | $4.50 | $4.42 | -1.8% | $15.2B | -0.7% |
| Jan 22, 2026 | $4.14 | $3.86 | -6.8% | $19.7B | +27.5% |
| Oct 21, 2025 | $4.49 | $5.95 | +32.5% | $15.4B | +1.9% |
| Jul 22, 2025 | $4.05 | $5.48 | +35.3% | $12.6B | +1.7% |
| Jan 21, 2025 | $2.78 | $3.09 | +11.2% | $10.2B | -0.2% |
| Oct 24, 2024 | $3.76 | $4.51 | +19.9% | $10.0B | +1.4% |
| Jul 23, 2024 | $3.39 | $3.14 | -7.4% | $9.5B | -0.7% |
| Apr 25, 2024 | $3.31 | $3.21 | -3.0% | $9.4B | +0.6% |
| Jan 25, 2024 | $2.50 | $2.24 | -10.4% | $9.5B | +0.5% |
| Oct 26, 2023 | $3.25 | $4.45 | +36.9% | $9.4B | +1.8% |
| Jul 20, 2023 | $3.23 | $3.52 | +9.0% | $9.0B | -1.9% |
| Apr 27, 2023 | $3.92 | $2.31 | -41.1% | $8.9B | -1.6% |
COF insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 14, 2026 | Haggerty Kaitlinofficer: Chief Human Resources Officer | Sell | 1,307 | $183.93 |
| May 14, 2026 | Haggerty Kaitlinofficer: Chief Human Resources Officer | Sell | 119 | $182.59 |
| May 14, 2026 | Cooper Matthew Wofficer: General Counsel & Corp Secy | Sell | 3,500 | $183.93 |
| May 12, 2026 | Killalea Peter Thomasdirector | Grant | 1,294 | — |
| May 12, 2026 | Serra Eileendirector | Grant | 1,294 | — |
| May 12, 2026 | SHEPHERD MICHAELdirector | Grant | 1,294 | — |
| May 12, 2026 | Harford Suni Pdirector | Grant | 1,294 | — |
| May 12, 2026 | Locoh-Donou Francoisdirector | Grant | 1,294 | — |
| May 12, 2026 | Archibong Imedirector | Grant | 1,294 | — |
| May 12, 2026 | Detrick Christine Rosedirector | Grant | 1,294 | — |
| May 12, 2026 | Wong Jennifer L.director | Grant | 1,294 | — |
| May 12, 2026 | RASKIND PETER Edirector | Grant | 1,294 | — |
| May 12, 2026 | williams craig a.director | Grant | 1,294 | — |
| May 12, 2026 | SHATTUCK MAYO A IIIdirector | Grant | 1,294 | — |
| May 12, 2026 | Leenaars Cornelis PAJdirector | Grant | 1,294 | — |
Source: COF SEC Form 4 filings, latest May 14, 2026. For informational purposes only — not investment advice.
See the full COF insider & 13F page →COF research & analysis
COF Closes $5.15B Brex Acquisition — AI Fintech Bet That Could Reshape Business Banking
Capital One completed its $5.15B acquisition of Brex on April 7, 2026, gaining AI-driven spend management to bolster business payments. Integration promises synergies in tech and cross-sell, with minimal dilution and high TAM upside. Investors should monitor Q2 earnings for progress amid execution risks.
PPI Report + Fed Rate Delay: Why JPM, BAC and WFC Are the Surprise Winners
Resilient U.S. labor data ahead of PPI and Goldman earnings signals fewer Fed cuts, boosting big banks' NII. JPM, BAC, and WFC lead with strong deposits and growth guidance, while GS and COF lag on exposure.
JPMBACWFC
Capital One Financial Corporation company profile
Overview
Capital One Financial Corporation (NYSE:COF) is a major American financial services company founded in 1988 and headquartered in McLean, Virginia. Originally spun off from Signet Financial Corp in 1994, Capital One has grown into one of the largest credit card issuers and consumer banks in the United States. The company operates through three primary business segments: Credit Card, Consumer Banking, and Commercial Banking, serving millions of consumers, small businesses, and commercial clients across the United States, Canada, and the United Kingdom through digital channels, branches, and other distribution networks.
Business
Capital One operates as a diversified financial services company in the banking and credit services industry. The company's business is structured around three main segments that collectively generated approximately $54 billion in revenue in 2024. The Credit Card segment represents Capital One's largest and most profitable business, accounting for roughly 65-70% of total revenues. This division issues Visa and Mastercard credit cards to consumers and small businesses, ranging from subprime to super-prime customers. The company is particularly known for its technology-driven approach to credit underwriting and its popular rewards cards like the Venture and Savor lines. Capital One has built a reputation for serving customers across the entire credit spectrum, from those building credit to high-spending affluent customers. The Consumer Banking segment comprises approximately 20-25% of revenues and includes auto lending, deposit products, and home loans. Capital One Bank offers checking and savings accounts, certificates of deposit, and money market accounts primarily through digital channels, positioning itself as a leading online bank. The auto lending business provides financing for new and used vehicle purchases through dealership networks and direct channels. The Commercial Banking segment accounts for roughly 10-15% of revenues and serves middle-market companies, government entities, and non-profit organizations. This division provides commercial and industrial loans, commercial real estate financing, treasury management services, and deposit products. The commercial banking operations focus primarily on companies with annual revenues between $20 million and $2 billion. Capital One differentiates itself in the financial services industry through its heavy investment in technology and data analytics, which enables sophisticated risk management, personalized marketing, and efficient operations across all business lines.
Revenue model
Capital One generates revenue through multiple streams typical of diversified financial institutions. The primary revenue source is net interest income, which is the difference between interest earned on loans and credit cards versus interest paid on deposits and borrowings. This accounts for approximately 60-65% of total revenues. The company earns interest on its credit card balances when customers carry debt month-to-month, auto loans, commercial loans, and other lending products. Non-interest income represents 35-40% of revenues and includes interchange fees from credit card transactions (fees paid by merchants when customers use Capital One cards), service charges, fee income from banking products, and other miscellaneous income sources. The interchange revenue is particularly important for the credit card business, as Capital One earns fees on every transaction regardless of whether customers pay their balances in full. The company's profitability is significantly influenced by several key factors. Credit losses represent the largest expense, as Capital One must provision for and write off loans that customers cannot repay. The company's willingness to serve subprime customers historically results in higher charge-off rates compared to more conservative lenders, but this is offset by higher interest rates and fees. Interest rate environments significantly impact margins - rising rates generally benefit the credit card business but can pressure deposit costs and auto lending margins. Competition affects pricing power and customer acquisition costs. The credit card industry is highly competitive, with major players like JPMorgan Chase, Bank of America, and American Express competing for the same customers. Regulatory changes, particularly around late fees and interchange rates, can materially impact profitability. Economic conditions directly influence credit losses, with recessions typically leading to higher charge-offs and tighter credit standards. Customer acquisition and retention costs through marketing and rewards programs also significantly impact margins, as Capital One invests heavily in attracting high-value customers who generate substantial interchange and interest income.
Competitive moat
Capital One's competitive moat is moderate and primarily built around its technological capabilities and data analytics expertise. The company has invested billions in technology infrastructure and employs thousands of engineers and data scientists, giving it sophisticated capabilities in risk management, fraud detection, and personalized marketing. This technology advantage allows Capital One to make faster, more accurate credit decisions and to identify profitable customer segments that competitors might overlook. The company's brand recognition and customer relationships provide some defensive value, particularly in credit cards where switching costs exist due to established payment patterns and rewards program loyalty. Capital One's Venture and Savor card lines have developed strong brand equity among consumers seeking travel and cash-back rewards. However, Capital One faces significant competitive pressures that limit the strength of its moat. The credit card industry is highly commoditized, with customers frequently switching providers based on promotional offers, rewards rates, or interest rates. Large banks like JPMorgan Chase and Bank of America have substantial advantages in scale, funding costs, and cross-selling opportunities from their broader banking relationships. Regulatory risks pose ongoing threats to the business model, particularly around interchange fees and late fee structures that are core to credit card profitability. The pending acquisition of Discover Financial Services represents an attempt to strengthen the moat by creating a more integrated payments platform, but this also introduces execution risks and regulatory scrutiny. The company's moat is further challenged by fintech disruption from companies like Apple (Apple Card), various buy-now-pay-later providers, and digital-first competitors that can offer more streamlined customer experiences. While Capital One's technology investments help defend against this threat, the financial services industry's trend toward commoditization suggests the moat may weaken over time rather than strengthen.
Risks & safety
Capital One presents a mixed margin of safety profile typical of financial institutions with moderate risk tolerance. **Liquidity and Solvency:** • Strong liquidity position with $43.2 billion in cash and short-term investments as of Q4 2024 • Debt-to-equity ratio of 0.75, which is reasonable for a financial institution • However, current ratio of 0.14 reflects the nature of banking operations where deposits (liabilities) far exceed liquid assets • Regulatory capital ratios remain well above minimum requirements **Credit Risk:** • Credit card charge-off rates of 6.06% in Q4 2024 are elevated but within historical norms for Capital One's customer mix • Provision coverage appears adequate based on management's forward-looking assessments • Consumer credit showing signs of stabilization after post-pandemic normalization **Valuation Metrics:** • Trading at P/E ratio of 15.6x based on 2024 earnings • Price-to-book ratio of 1.12x suggests modest premium to tangible book value • Return on equity of 7.8% for 2024 is below historical averages but recovering **Other Considerations:** • Pending Discover acquisition adds execution risk and regulatory uncertainty • Sensitivity to interest rate changes and economic cycles • Strong free cash flow generation of $17 billion in 2024 provides financial flexibility
Recent development
Over the past few years, Capital One has pursued several major strategic initiatives that are reshaping the company's competitive position. The most significant development is the pending acquisition of Discover Financial Services, announced in early 2024. This $35 billion transaction, expected to close in early 2025 pending regulatory approval, represents a transformative deal that would create a more diversified payments platform and add Discover's payment network to Capital One's existing card issuing capabilities. The company has made substantial investments in technology transformation, spending billions to modernize its technology infrastructure and build advanced data analytics capabilities. This initiative has enabled more sophisticated risk management, personalized marketing campaigns, and improved operational efficiency. Capital One has positioned itself as one of the most technology-forward traditional banks, employing thousands of engineers and data scientists. Capital One has also focused on expanding its national digital banking franchise, building out deposit gathering capabilities and expanding beyond its traditional geographic footprint. The consumer banking segment has grown significantly, with deposits increasing consistently year-over-year as the company attracts customers through competitive rates and digital-first banking experiences. In the credit card business, Capital One has emphasized premium customer acquisition, particularly targeting high-spending customers through products like the Venture X card and enhanced rewards programs. The company has increased marketing investments significantly, with management noting "meaningfully higher" marketing spend in recent periods to drive growth in attractive customer segments. The auto lending business has been selectively expanded after a period of tightening, with originations up 53% year-over-year in Q4 2024. Management has indicated they see opportunities to grow this business in a disciplined manner, supported by strong underwriting capabilities and dealer relationships.
COF company profile · for informational purposes only — not investment advice.
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