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Jun 30, 2023
Capital One Q2 2023 Earnings Report
Capital One reported second quarter net income with increased total net revenue and decreased non-interest expense.
Key Takeaways
Capital One reported a net income of $1.4 billion for the second quarter of 2023, or $3.52 per diluted common share. Total net revenue increased by 1% to $9.0 billion, while total non-interest expense decreased by 3% to $4.8 billion.
Total net revenue increased by 1% to $9.0 billion.
Total non-interest expense decreased by 3% to $4.8 billion.
Pre-provision earnings increased 7% to $4.2 billion.
Period-end loans held for investment increased by $2.5 billion, or 1%, to $311.3 billion.
Forward Guidance
The company will hold an earnings conference call on July 20, 2023 at 5:00 PM Eastern Time. The conference call will be accessible through live webcast.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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