Capital One Financial (NYSE:COF) Full Year 2023 Results
Main financial results
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Revenue: USD 26.4 billion (down 7.2% from FY22).
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Net profit: USD 4.58 billion (down 35% from FY2022).
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Profit margin: 17% (down from 25% in FY2022). The decrease in profit margin was primarily due to a decrease in revenue.
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EPS: US$11.98 (down from US$17.98 in FY2022).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Capital One's financial EPS falls below expectations.
Sales were in line with analyst forecasts. Earnings per share (EPS) were 6.6% lower than analysts expected.
Looking ahead, revenues are expected to grow at an average annual rate of 12% over the next three years, compared to an 11% growth forecast for the U.S. consumer finance industry.
performance of American consumer finance industry.
The company's stock fell 1.2% from the previous week.
risk analysis
There is still a need to consider the ever-present concern of investment risk. We've identified 1 warning sign Using and understanding Capital One Financial should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
