BUZZ-PREVIEW: Capital One Q2 rev, EPS seen rising

Reuters
07/23
BUZZ-PREVIEW: Capital One <a href="https://laohu8.com/S/QTWO">Q2</a> rev, EPS seen rising 

** Shares in Capital One Financial COF.N up 0.7% on Tuesday ahead of the financial service provider's Q2 report, due after the market close, its first since buying Discover Financial Services

** Wall St sees the provider of credit card and banking services, reporting adj EPS of $3.72 vs $3.14 in Q2 2024 on rev of $12.70 bln vs $9.51 bln year-ago, according to LSEG

** In the last 8 quarters rev met or beat analyst expectations 4 times while EPS beat the street 5 times

** In April COF had reported growth in first-quarter profit with help from rising interest payments on its credit card debt

** In May COF closed its $35.3 billion acquisition of credit card co Discover. For Q1, its last report as an independent company, Discover had announced $4.25 bln rev, net of interest expense

** YTD shares of COF up ~22% vs ~9% gain for S&P 500 financial services index .SPSY

(Reporting by Sinead Carew)

((sinead.carew@thomsonreuters.com))

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