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.
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