Analyst Consensus ?
ConsensusHold35 ratings
Bullish1542.9%
Neutral1542.8%
Bearish514.3%
Capital One Financial Corporation · COF-PI · FY2026 Q1 · Calendar Q2 2026
Capital One pairs strong card growth with Discover integration work
The transcript supports a constructive but conditional view: acquisition-driven volume growth and a strong capital position provide support, while integration execution, margin normalization, and credit costs remain key tests.
Reported Session unavailableNYSEFinancial Services
$121.11B market cap
85quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$4.42
Consensus $4.50
EPS surprise
-1.8%
Reported versus consensus
Reported revenue
$15.23B
Consensus $15.35B
Revenue surprise
-0.7%
Reported versus consensus
Market reaction
unavailable
Stock move
—
Event window
SPY move
—
Same window
Abnormal move
—
Stock minus SPY
Volume
—
Versus trailing sessions
Subsequent drift
—
Up to 20 sessions
Price and volume data were unavailable at publication time.
Ask FN2 about COF-PI FY2026 Q1
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How did the market react to COF-PI FY2026 Q1 earnings, and why?What changed in COF-PI's guidance and outlook in FY2026 Q1?Give me the bull and bear case for COF-PI after FY2026 Q1 earnings.
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Transcript intelligence
What changed
Compared with the prior-quarter analysis, the Brex acquisition had closed, Discover credit origination was in early-stage testing on Capital One technology, and the company had brought its travel technology in-house. Management also highlighted strong card-volume and auto-loan growth alongside lower net interest margin.
Guidance delta
Maintained; no new quantitative guidance change was supplied.
Key takeaways
- Management highlighted 40% year-over-year domestic card purchase-volume growth, driven largely by the Discover acquisition.
- Auto-loan originations rose 21% year over year, while net interest margin declined amid seasonality and elevated cash balances.
- The quarter also marked continued execution on Discover integration, the Brex acquisition, in-house travel technology, and AI investment.
Management priorities
- Complete the transition of Discover credit origination to Capital One technology.
- Scale Brex through Capital One resources and incremental investment.
- Continue AI infrastructure, enterprise technology, and international Discover-network investments.
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Try FN2 freeEarnings History
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Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Overweight | Overweight | Maintain | Oct 16, 2023 |
| Citigroup | Buy | Buy | Maintain | Oct 5, 2023 |
| Morgan Stanley | Underweight | Underweight | Maintain | Oct 2, 2023 |
| Wells Fargo | Overweight | Overweight | Maintain | Jul 20, 2023 |
| Stephens & Co. | Underweight | Underweight | Maintain | Jul 20, 2023 |
| Piper Sandler | Neutral | Neutral | Maintain | Jul 20, 2023 |
| Jefferies | Hold | Hold | Maintain | Jul 10, 2023 |
| B of A Securities | Neutral | Neutral | Maintain | Jun 5, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Apr 27, 2023 |
| BMO Capital | Outperform | Outperform | Maintain | Apr 27, 2023 |
| Barclays | Equal Weight | Equal Weight | Maintain | Apr 11, 2023 |
| Odeon Capital | Sell | Hold | Downgrade | Mar 1, 2023 |
| Deutsche Bank | Buy | Buy | Maintain | Jul 21, 2022 |
| Oppenheimer | Perform | Outperform | Downgrade | Jul 11, 2022 |
| Baird | Outperform | Neutral | Upgrade | Jun 16, 2022 |
| Wolfe Research | Underperform | Peer Perform | Downgrade | May 11, 2022 |
| RBC Capital | Perform | Sector Perform | Maintain | Jul 23, 2021 |
| UBS | Buy | Neutral | Upgrade | Jun 21, 2020 |
| Nomura | Buy | Buy | Maintain | Apr 23, 2020 |
| Nomura Instinet | Neutral | Buy | Downgrade | Feb 20, 2018 |
| Buckingham Research | Buy | Buy | Maintain | Jan 23, 2018 |
| Compass Point | Buy | Neutral | Upgrade | Dec 21, 2017 |
| Wedbush | Neutral | Underperform | Upgrade | Oct 24, 2017 |
| Goldman Sachs | Buy | Neutral | Upgrade | Feb 16, 2017 |
| Stifel | Hold | Buy | Downgrade | Nov 13, 2016 |
| CLSA | Buy | Buy | Maintain | Sep 22, 2016 |
| Rafferty Capital | Hold | Buy | Downgrade | Jul 24, 2016 |
| Sterne Agee | Underperform | Neutral | Downgrade | Jun 7, 2016 |
| Guggenheim | Neutral | Sell | Upgrade | May 8, 2016 |
| Bernstein | Outperform | Outperform | Maintain | May 5, 2015 |
| FBR Capital | Market Perform | Outperform | Downgrade | Apr 23, 2015 |
| Susquehanna | Neutral | Positive | Downgrade | Jan 16, 2014 |
| Janney Montgomery Scott | Neutral | Buy | Downgrade | Jan 17, 2013 |
| Rochdale Securities | Buy | Hold | Upgrade | Oct 21, 2012 |
| Argus Research | Hold | Sell | Upgrade | May 7, 2012 |
Track every rating change on COF-PI the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationCapital One Financial Corporation functions as the parent company for Capital One Bank (USA), National Association, and Capital One, National Association, delivering a comprehensive array of financial products and services across the United States, Canada, and the United Kingdom. The company's business activities are structured into three main divisions: Credit Card, Consumer Banking, and Commercial Banking. It provides various deposit accounts, including checking, money market, negotiable order of withdrawal, savings, and time deposits.…
Historical context
All COF-PI earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| KEY-PK KeyCorp | FY2026 Q3 · Calendar Q4 2026 | +10.5% | — | KeyCorp posts strong Q3 as deposits and loan demand support growth |
| KEY-PL KeyCorp | FY2026 Q3 · Calendar Q4 2026 | +10.5% | — | KeyCorp posts strong Q3 as deposits and commercial demand rise |
| KEY-PJ KeyCorp | FY2026 Q3 · Calendar Q4 2026 | +10.5% | — | KeyCorp reports record revenue as deposits and commercial lending strengthen |
| KEY-PI KeyCorp | FY2026 Q3 · Calendar Q4 2026 | +10.5% | — | KeyCorp posts record Q3 as deposits and commercial lending accelerate |
| KEY KeyCorp | FY2026 Q3 · Calendar Q4 2026 | +10.5% | +4.5% | KeyCorp Q3 revenue tops $2 billion as deposits and utilization strengthen |
| ALLY Ally Financial Inc. | FY2026 Q3 · Calendar Q4 2026 | +1.5% | +1.0% | Ally reports strong Q3 growth while monitoring credit quality |
Latest beats and misses
Who reports nextBeat on EPS
- HALFY2026 Q3 · October 20, 2026+2.7% EPS+1.8% move
- RTXFY2026 Q3 · October 20, 2026+27.0% EPS+0.6% move
- MMMFY2026 Q3 · October 20, 2026+5.0% EPS+5.8% move
- GPCFY2026 Q3 · October 20, 2026+1.5% EPS-5.1% move
- KEY-PKFY2026 Q3 · October 20, 2026+10.5% EPS— move
- KEY-PLFY2026 Q3 · October 20, 2026+10.5% EPS— move
Missed on EPS
- AGNCZFY2026 Q3 · October 19, 2026-0.6% EPS+0.3% move
- AGNCLFY2026 Q3 · October 19, 2026-0.6% EPS-0.3% move
- AGNCOFY2026 Q3 · October 19, 2026-0.6% EPS+0.3% move
- AGNCPFY2026 Q3 · October 19, 2026-0.6% EPS0.0% move
- AGNCMFY2026 Q3 · October 19, 2026-0.6% EPS-0.3% move
- STLDFY2026 Q3 · October 19, 2026-4.0% EPS-0.3% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-21. For educational purposes only; not investment advice.