Rising delinquencies among subprime and near-prime borrowers reveal the strain of living paycheck to paycheck. In a spate of earnings reports these past few weeks, various lenders — banks and digital platforms among them — have spotlighted the fact that delinquencies and charge-offs are ramping...
Capital One Financial said on Tuesday (Jan. 26) that, in its fourth quarter, consumer credit metrics improved as consumers continued to pay down debt. In terms of headline numbers, the company said that revenues were down 1 percent to $7.3 billion, which beat expectations of...
Amid the spate of financial institutions reporting results that show increased traction in consumer spending — especially across credit cards — add Capital One Financial to the list. In results posted Tuesday (Jan. 21), the company reported adjusted earnings and revenues that topped expectations on...
Capital One Financial posted results that were higher than Street estimates as its core card business grew, as did commercial lending activity. The headline numbers showed that adjusted earnings per share of $2.90 were better than consensus by 17 cents. Adjusted revenues were $7.08 billion,...
October 02, 2023
Bread Financial Holdings is reportedly grappling with challenges as it confronts rising credit losses and uncertainty surrounding late fees. The company’s stock price fell 3.9% as of midday Monday (Oct. 2) and closed down 2% following a downgrade to sell by Goldman Sachs, highlighting the concerns surrounding its performance, Seeking Alpha reported Monday. According to Goldman analyst Ryan […]
April 26, 2019
Capital One Financial posted results that were higher than Street estimates as its core card business grew, as did commercial lending activity. The headline numbers showed that adjusted earnings per...
July 21, 2017
Boosted by increases in its credit card portfolio and interest rates, Capital One Financial beat estimates for the second quarter. In terms of the headline numbers for the top and...
