Capital One Financial 2Q Revenue Climbs as Provision for Credit Losses Slides

Dow Jones

Jul 22

Capital One Financial logged higher revenue in its latest quarter as provision for credit losses declined.

The McLean, Va., bank on Tuesday posted a second-quarter profit of $3.02 billion, or $4.73 a share, compared with a loss of $4.28 billion, or $8.58 a share, a year earlier. The loss in the year-ago quarter was driven by costs tied to the close of the company's $35 billion acquisition of Discover Financial last May.

Adjusted earnings per share were $5.81, compared with estimates of $4.67 a share according to analysts polled by FactSet.

Revenue climbed 27% to $15.85 billion. Analysts forecast $15.77 billion.

Provision for credit losses fell 74% from a year ago, to $2.99 billion.

Chief Executive Richard Fairbank said Capital One's results continue to reflect strong credit performance, and reiterated that the Discover integration is going well.

The company said credit-card loans rose 2% from a year ago to $275.41 billion as of the end of the quarter, while consumer banking loans gained 11% to $90.47 billion.

Delinquency rates for both credit cards and consumer banking edged down from a year ago, to 3.4% and 4.3%, respectively.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

July 21, 2026 16:32 ET (20:32 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/2653783134"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2653783134\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2653783134?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-22 04:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2653783134","market":"hk","top_or_hot":-1,"title":"Capital One Financial 2Q Revenue Climbs as Provision for Credit Losses Slides","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Capital One Financial logged higher revenue in its latest quarter as provision for credit losses declined. \n</p>\n<p>\n  The McLean, Va., bank on Tuesday posted a second-quarter profit of $3.02 billion, or $4.73 a share, compared with a loss of $4.28 billion, or $8.58 a share, a year earlier. The loss in the year-ago quarter was driven by costs tied to the close of the company's $35 billion acquisition of Discover Financial last May. \n</p>\n<p>\n  Adjusted earnings per share were $5.81, compared with estimates of $4.67 a share according to analysts polled by FactSet. \n</p>\n<p>\n  Revenue climbed 27% to $15.85 billion. Analysts forecast $15.77 billion. \n</p>\n<p>\n  Provision for credit losses fell 74% from a year ago, to $2.99 billion. \n</p>\n<p>\n  Chief Executive Richard Fairbank said Capital One's results continue to reflect strong credit performance, and reiterated that the Discover integration is going well. \n</p>\n<p>\n  The company said credit-card loans rose 2% from a year ago to $275.41 billion as of the end of the quarter, while consumer banking loans gained 11% to $90.47 billion. \n</p>\n<p>\n  Delinquency rates for both credit cards and consumer banking edged down from a year ago, to 3.4% and 4.3%, respectively. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 21, 2026 16:32 ET (20:32 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Capital One Financial 2Q Revenue Climbs as Provision for Credit Losses Slides</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCapital One Financial 2Q Revenue Climbs as Provision for Credit Losses Slides\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-22 04:32</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Capital One Financial logged higher revenue in its latest quarter as provision for credit losses declined. \n</p>\n<p>\n  The McLean, Va., bank on Tuesday posted a second-quarter profit of $3.02 billion, or $4.73 a share, compared with a loss of $4.28 billion, or $8.58 a share, a year earlier. The loss in the year-ago quarter was driven by costs tied to the close of the company's $35 billion acquisition of Discover Financial last May. \n</p>\n<p>\n  Adjusted earnings per share were $5.81, compared with estimates of $4.67 a share according to analysts polled by FactSet. \n</p>\n<p>\n  Revenue climbed 27% to $15.85 billion. Analysts forecast $15.77 billion. \n</p>\n<p>\n  Provision for credit losses fell 74% from a year ago, to $2.99 billion. \n</p>\n<p>\n  Chief Executive Richard Fairbank said Capital One's results continue to reflect strong credit performance, and reiterated that the Discover integration is going well. \n</p>\n<p>\n  The company said credit-card loans rose 2% from a year ago to $275.41 billion as of the end of the quarter, while consumer banking loans gained 11% to $90.47 billion. \n</p>\n<p>\n  Delinquency rates for both credit cards and consumer banking edged down from a year ago, to 3.4% and 4.3%, respectively. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 21, 2026 16:32 ET (20:32 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COF","symbol_name":"第一资本","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2653783134","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653783134","pubTimestamp":1784665920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Capital One Financial logged higher revenue in its latest quarter as provision for credit losses declined.The McLean, Va., bank on Tuesday posted a second-quarter profit of $3.02 billion, or $4.73 a s","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"COF":"第一资本"},"translate_title":"随着信贷损失准备金下滑，第一资本金融第二季度收入攀升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COF":1.5},"content_text":"Capital One Financial logged higher revenue in its latest quarter as provision for credit losses declined. \n\n\n  The McLean, Va., bank on Tuesday posted a second-quarter profit of $3.02 billion, or $4.73 a share, compared with a loss of $4.28 billion, or $8.58 a share, a year earlier. The loss in the year-ago quarter was driven by costs tied to the close of the company's $35 billion acquisition of Discover Financial last May. \n\n\n  Adjusted earnings per share were $5.81, compared with estimates of $4.67 a share according to analysts polled by FactSet. \n\n\n  Revenue climbed 27% to $15.85 billion. Analysts forecast $15.77 billion. \n\n\n  Provision for credit losses fell 74% from a year ago, to $2.99 billion. \n\n\n  Chief Executive Richard Fairbank said Capital One's results continue to reflect strong credit performance, and reiterated that the Discover integration is going well. \n\n\n  The company said credit-card loans rose 2% from a year ago to $275.41 billion as of the end of the quarter, while consumer banking loans gained 11% to $90.47 billion. \n\n\n  Delinquency rates for both credit cards and consumer banking edged down from a year ago, to 3.4% and 4.3%, respectively. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 21, 2026 16:32 ET (20:32 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}