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Jun 30, 2020
Capital One Q2 2020 Earnings Report
Capital One reported a net loss for Q2 2020, impacted by adjustments.
Key Takeaways
Capital One reported a net loss of $918 million, or $2.21 per diluted common share, for the second quarter of 2020. Total net revenue decreased by 10% to $6.6 billion, and the company's investments in technology and digital transformation are powering their response to the pandemic.
Net loss for the second quarter of 2020 was $918 million, or $2.21 per diluted common share.
Total net revenue decreased 10 percent to $6.6 billion.
Period-end total deposits increased $34.5 billion, or 13 percent, to $304.2 billion.
Credit Card period-end loans decreased $10.5 billion, or 9 percent, to $107.3 billion.
Forward Guidance
No forward guidance provided in the document.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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