Capital One 1Q Profit Rises Ahead of Discover Merger

Dow Jones

Apr 23, 2025

By Katherine Hamilton

Capital One recorded a higher first-quarter profit and is prepared to complete its acquisition of Discover on May 18.

The bank on Tuesday posted a profit of $1.40 billion, or $3.45 a share, compared with $1.28 billion, or $3.13 a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were $4.06 a share, ahead of the $3.64 forecast by analysts, according to FactSet.

Revenue fell 2% to $10.0 billion. Analysts surveyed by FactSet forecast revenue of $10.06 billion.

Provision for credit losses fell 12% from the year before to $2.37 billion.

The merger with Discover gained regulatory approval last week and Capital One said it would be completed next month.

Chief Executive Richard Fairbank said the merger with Discover would create a leading consumer banking and payments platform. He said he hopes Capital One's digital capabilities across a larger customer base will pave the way for growth.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

April 22, 2025 16:39 ET (20:39 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Trading app for stocks, options & ETFs","description":"Invest in US, ASX, HK, China A-shares, ETFs & options with Tiger Brokers, Australia's trusted stock trading app!","keywords":"tiger brokers,tiger brokers au,tiger brokers australia,tiger trade,tiger trading,australia stock platform,US option,US stocks,stocks and options,australian trading platform,online broker australia,stock trading apps,mobile trading app,desktop trading,chess sponsored brokers,share trading platform","social":{"ogDescription":"Invest in US, ASX, HK, China A-shares, ETFs & options with Tiger Brokers, Australia's trusted stock trading app!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2529063557"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"AUS","license":"TBAU","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2529063557\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2529063557?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-23 04:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2529063557","market":"sg","top_or_hot":-1,"title":"Capital One 1Q Profit Rises Ahead of Discover Merger","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Katherine Hamilton \n</p>\n<p>\n  Capital One recorded a higher first-quarter profit and is prepared to complete its acquisition of Discover on May 18. \n</p>\n<p>\n  The bank on Tuesday posted a profit of $1.40 billion, or $3.45 a share, compared with $1.28 billion, or $3.13 a share, a year earlier. \n</p>\n<p>\n  Stripping out certain one-time items, adjusted per-share earnings were $4.06 a share, ahead of the $3.64 forecast by analysts, according to FactSet. \n</p>\n<p>\n  Revenue fell 2% to $10.0 billion. Analysts surveyed by FactSet forecast revenue of $10.06 billion. \n</p>\n<p>\n  Provision for credit losses fell 12% from the year before to $2.37 billion. \n</p>\n<p>\n  The merger with Discover gained regulatory approval last week and Capital One said it would be completed next month. \n</p>\n<p>\n  Chief Executive Richard Fairbank said the merger with Discover would create a leading consumer banking and payments platform. He said he hopes Capital One's digital capabilities across a larger customer base will pave the way for growth. \n</p>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 22, 2025 16:39 ET (20:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Capital One 1Q Profit Rises Ahead of Discover Merger</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCapital One 1Q Profit Rises Ahead of Discover Merger\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-23 04:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Katherine Hamilton \n</p>\n<p>\n  Capital One recorded a higher first-quarter profit and is prepared to complete its acquisition of Discover on May 18. \n</p>\n<p>\n  The bank on Tuesday posted a profit of $1.40 billion, or $3.45 a share, compared with $1.28 billion, or $3.13 a share, a year earlier. \n</p>\n<p>\n  Stripping out certain one-time items, adjusted per-share earnings were $4.06 a share, ahead of the $3.64 forecast by analysts, according to FactSet. \n</p>\n<p>\n  Revenue fell 2% to $10.0 billion. Analysts surveyed by FactSet forecast revenue of $10.06 billion. \n</p>\n<p>\n  Provision for credit losses fell 12% from the year before to $2.37 billion. \n</p>\n<p>\n  The merger with Discover gained regulatory approval last week and Capital One said it would be completed next month. \n</p>\n<p>\n  Chief Executive Richard Fairbank said the merger with Discover would create a leading consumer banking and payments platform. He said he hopes Capital One's digital capabilities across a larger customer base will pave the way for growth. \n</p>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 22, 2025 16:39 ET (20:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0787776722.HKD","symbol_name":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2529063557","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2529063557","pubTimestamp":1745354340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Capital One recorded a higher first-quarter profit and is prepared to complete its acquisition of Discover on May 18.The bank on Tuesday posted a profit of $1.40 billion, or $3.45 a share, compared with $1.28 billion, or $3.13 a share, a year earlier.Stripping out certain one-time items, adjusted per-share earnings were $4.06 a share, ahead of the $3.64 forecast by analysts, according to FactSet.Revenue fell 2% to $10.0 billion. Analysts surveyed by FactSet forecast revenue of $10.06 billion.Provision for credit losses fell 12% from the year before to $2.37 billion.The merger with Discover gained regulatory approval last week and Capital One said it would be completed next month.Chief Executive Richard Fairbank said the merger with Discover would create a leading consumer banking and payments platform. He said he hopes Capital One's digital capabilities across a larger customer base will pave the way for growth.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","BK4585":"ETF&股票定投概念","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU0106831901.USD":"贝莱德世界金融基金A2","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4516":"特朗普概念","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0130518102.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","DFS":"发现金融","BK4559":"巴菲特持仓","COF":"第一资本","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","BK4166":"消费信贷","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4588":"碎股","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU1861217088.USD":"贝莱德金融科技A2","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC"},"translate_title":"第一资本第一季度利润在Discover合并前增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DFS":1,"COF":1},"content_text":"By Katherine Hamilton \n\n\n  Capital One recorded a higher first-quarter profit and is prepared to complete its acquisition of Discover on May 18. \n\n\n  The bank on Tuesday posted a profit of $1.40 billion, or $3.45 a share, compared with $1.28 billion, or $3.13 a share, a year earlier. \n\n\n  Stripping out certain one-time items, adjusted per-share earnings were $4.06 a share, ahead of the $3.64 forecast by analysts, according to FactSet. \n\n\n  Revenue fell 2% to $10.0 billion. Analysts surveyed by FactSet forecast revenue of $10.06 billion. \n\n\n  Provision for credit losses fell 12% from the year before to $2.37 billion. \n\n\n  The merger with Discover gained regulatory approval last week and Capital One said it would be completed next month. \n\n\n  Chief Executive Richard Fairbank said the merger with Discover would create a leading consumer banking and payments platform. He said he hopes Capital One's digital capabilities across a larger customer base will pave the way for growth. \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 22, 2025 16:39 ET (20:39 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"merge","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}