Capital One's acquisition of Discover has transformed its balance sheet, with total assets expanding 37% year-over-year to $673.8B in 2026Q2, but the integration has introduced significant earnings volatility, including a swing from a $4.3B net loss in 2025Q2 ...
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Revenue and profitability have been highly volatile post-Discover, with net interest income swinging from $12.5B in 2025Q4 to -$4.0B in 2026Q2, driving NIM to -0.6% and a 48% efficiency ratio, though net income recovered to $3.0B in 2026Q2 from a $4.3B loss in 2025Q2.
The acquisition of Discover is expected to unlock $2.7B in synergies through cost efficiencies, network optimization, and revenue growth. Successful integration would enhance earnings power and position Capital One as a payments leader.
By owning both issuer and payment network, Capital One can internalize transaction rails, bypass interchange fees charged by Visa and Mastercard, and build a closed‑loop system that creates network effects and switching costs.
Analysts project revenue of $66.2B and earnings of $16.9B by 2028, reflecting strong growth potential from the expanded card portfolio and payment services.
Trailing total returns as of 10/12/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 21, 2026 | $5.81+21.3% vs $4.79 | $15.8B+0.6% vs $15.8B |
Q2 2026 Apr 21, 2026 | $4.42-1.8% vs $4.50 | $15.2B-0.7% vs $15.3B |
Q1 2026 Jan 22, 2026 | $3.86-6.8% vs $4.14 | $15.6B+0.7% vs $15.5B |
Q4 2025 Oct 21, 2025 | $5.95+32.5% vs $4.49 | $15.4B+1.9% vs $15.1B |
Clark Howard called his Capital One Lounge meal the greatest lunch ever, then immediately explained why that lunch was anything but free. Whether your own lounge visits actually justify the annual fee comes down to a few numbers most cardholders never bother to run.
Diversified Management Inc. acquired a new position in shares of Capital One Financial Corporation (NYSE: COF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,480 shares of the financial services provider's stock, valued at approximately $2,796,000.
American banks are caught between two kinds of punishment. If they miss dirty money, regulators fine them.
Capital One transforms post-Discover merger, gaining a major card business, deposit base, and ownership of a large international payment network. COF trades at attractive 2026/2027 EPS multiples (9.7x/8.2x), with $1.5B expense and $1.2B network synergy targets supporting a Buy rating. Improving credit quality, robust deposit growth, and a 13.7% CET1 ratio position COF favorably for integration and earnings leverage.
Benchmark COF against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Capital One Financial Corporation (COF)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $199.26 | $122.24B | 49.44 | 36.62% | 3.54% | 2.81% | 1.41% | |
| $72.80 | $23.69B | 7.84 | -7.09% | 22.03% | 20.94% | — | |
| $308.17 | $208.11B | 20.04 | 9.52% | 10.89% | 5% | — | |
| $54.32 | $385.49B | 14.22 | 11% | 18.13% | 10.5% | — | |
| $332.99 | $892.25B | 16.61 | 7.32% | 20.66% | 16.32% | — | |
| $129.63 | $222.3B | 18.55 | 5.11% | 9.34% | 7.49% | — |
Capital One Financial Corporation (COF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Capital One Financial Corporation (COF) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 20, 2026·SEC
Aug 17, 2026·SEC
Jul 21, 2026·SEC
Feb 19, 2026·SEC
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Capital One Financial Corporation (COF) stock FAQ — growth, dividends, profitability & financials explained
Capital One Financial Corporation (COF) grew revenue by 36.6% over the past year. This is strong growth.
Yes, Capital One Financial Corporation (COF) is profitable, generating $10.52B in net income for fiscal year 2025 (3.5% net margin).
Yes, Capital One Financial Corporation (COF) pays a dividend with a yield of 1.41%. This makes it attractive for income-focused investors.
Capital One Financial Corporation (COF) has a return on equity (ROE) of 2.8%. This is below average, suggesting room for improvement.
Capital One Financial Corporation (COF) has a net interest margin (NIM) of 6.4%. This indicates healthy earnings from lending activities.
Capital One Financial Corporation (COF) has an efficiency ratio of 44.0%. This is excellent, indicating strong cost control.
