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Jun 30, 2024

Capital One Q2 2024 Earnings Report

Capital One reported net income for the second quarter of 2024.

Key Takeaways

Capital One reported a net income of $597 million for the second quarter of 2024, with earnings per diluted common share at $1.38. The adjusted net income was $3.14 per diluted common share. Total net revenue increased by 1 percent to $9.5 billion.

Net income for Q2 2024 was $597 million, or $1.38 per diluted common share.

Adjusted net income for Q2 2024 was $3.14 per diluted common share.

Total net revenue increased 1 percent to $9.5 billion.

Period-end loans held for investment increased $3.0 billion to $318.2 billion.

Total Revenue
$9.51B
Previous year: $9.01B
+5.5%
EPS
$3.14
Previous year: $3.52
-10.8%
Credit Card Loans
$154B
Previous year: $143B
+8.0%
Consumer Banking Loans
$75.7B
Previous year: $77.3B
-2.1%
Commercial Banking Loans
$88.6B
Previous year: $91.6B
-3.3%
Gross Profit
$13.2B
Previous year: $9.01B
+46.9%
Cash and Equivalents
$47.8B
Previous year: $42B
+13.7%
Free Cash Flow
$5.95B
Previous year: $3.15B
+89.1%
Total Assets
$480B
Previous year: $468B
+2.6%

Capital One

Capital One