Capital One Boosts Provision for Bad Loans, Misses Estimates.
Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3
Database: Business Source Ultimate 2 of 3
Authored By: Smith, Paige 3 of 3
Abstract
The article focuses on Capital One Financial Corp.'s first-quarter financial results, highlighting a profit that fell short of Wall Street expectations and a 72% increase in provisions for credit losses to $4.07 billion. The McLean, Virginia-based bank also reported adjusted earnings per share of $4.42, below the $4.56 analyst estimate, and a net interest margin of 7.87%, underperforming forecasts. Capital One's shares declined following the report, reflecting broader market concerns including the impact of rising energy prices linked to the conflict in the Middle East, which the CEO identified as a potential economic headwind. Additionally, the bank recently completed a $5.15 billion acquisition of Brex, a financial-technology firm specializing in corporate expense management. [Extracted from the article]
Additional Information
- Source:Bloomberg.com. 2026/04, pN.PAG
- Document Type:Article
- Subject Area:Business and Management
- Publication Date:2026
- Accession Number:193144252
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