Earnings Alerts

Capital One Financial (COF) Earnings Review: August Charge-Offs Spike to 5.82% vs. 4.55% Y/y

By September 16, 2024 No Comments
  • Capital One’s August charge-offs increased to 5.82% from 4.55% year-over-year.
  • Charge-offs in August reached 5.82%, a rise compared to 4.55% in the same month last year.
  • Delinquencies for Capital One in August were at 4.35%, up from 4.09% year-over-year.
  • In August, delinquencies climbed to 4.35%, compared to 4.09% last year.
  • The company has 9 buy recommendations.
  • There are 12 hold recommendations for the company.
  • Capital One received 2 sell recommendations.

A look at Capital One Financial Smart Scores

FactorScoreMagnitude
Value5
Dividend3
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Capital One Financial Corporation, a diversified bank with a strong value proposition, is positioned well for long-term success. Smartkarma Smart Scores indicate that Capital One scores high in the Value category, showcasing its attractiveness from an investment standpoint. Additionally, the company demonstrates promising growth potential and stable dividend payouts, both essential factors for investors seeking a reliable return on investment. Although facing some resilience challenges, Capital One’s momentum in the market remains positive, indicating continued growth opportunities.

Despite facing some resilience concerns, Capital One Financial Corporation’s overall outlook appears favorable based on the Smartkarma Smart Scores. With a strong emphasis on value, coupled with decent growth prospects and steady dividend payouts, the company showcases its ability to navigate the financial landscape effectively. Although there might be areas to enhance resilience, Capital One’s positive momentum suggests a promising trajectory for the future. Overall, Capital One’s diverse financial products and services, combined with its strategic bank locations, position it as a solid choice for long-term investors.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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