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Dec 31, 2019
Capital One Q4 2019 Earnings Report
Capital One reported solid results driven by investments in growth and digital transformation.
Key Takeaways
Capital One reported a net income of $1.2 billion, or $2.25 per diluted common share, for the fourth quarter of 2019. Total net revenue increased by 7% to $7.4 billion.
Total net revenue increased 7 percent to $7.4 billion.
Period-end loans held for investment in the quarter increased $16.5 billion, or 7 percent, to $265.8 billion.
Period-end total deposits increased $5.5 billion, or 2 percent, to $262.7 billion.
Net income for the fourth quarter of 2019 was $2.25 per diluted common share.
Capital One
Capital One
Forward Guidance
Capital One is investing to grow and to drive their digital transformation. As the many benefits from our technology transformation continue and increase, they are well positioned to succeed in a rapidly changing marketplace.