Capital One (COF)

Financials · $118B market cap · SEC CIK 0000927628

Next reports on Jan 20, 2027, after the close, with analysts expecting $4.95 in earnings per share.

52-week range $174.24 to $259.64. 25% below its 52-week high and 12% above its low.

The case for COF

• Earnings per share up 475.2%.
• Trades at 1.06× book value, close to what the balance sheet says it owns.
• Pays a modest 2.3% dividend.
• Price/sales of 1.1× is lower than 92% of Financials companies.

The case against

• Growth is weak (35/100): EPS +475.2%, +4.4% a year over five years.
• Profitability is weak (42/100): return on equity 10%, net margin 14.9%.
• The price trend is weak (30/100): −8.8% over a year, −9.3% over three months, 25% below its 52-week high.
• Trailed the S&P 500 by 21 points over the past year.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Financials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• Its one-year revenue change (+38%) is far out of line with its five-year trend (+4% a year). In the Financials sector that is usually interest income swinging with rates rather than growth, so only the five-year figure is used.
• Its debt and cash flow are not scored, as for every company in the Financials sector: for banks, insurers and brokers, borrowing is the business.
• Each factor except momentum is half fixed thresholds, half rank among the 76 Financials companies.

The financials

The financials, five years deep

Pulled from Capital One's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What Capital One says it does

OVERVIEW General Capital One Financial Corporation, a Delaware corporation established in 1994 and headquartered in McLean, Virginia, is a diversified financial services holding company with banking and non-banking subsidiaries. Capital One Financial Corporation and its subsidiaries (the “Company” or “Capital One”) operate as a global payments provider and diversified financial institution, delivering a broad array of financial products and services to consumers, small businesses and commercial clients through digital channels, branch locations, cafés and other distribution channels. As of December 31, 2025, Capital One Financial Corporation’s principal operating subsidiary was Capital One, National Association (“CONA”). On May 18, 2025 (the “Closing Date”), Discover Financial Services (“Discover”) merged into Capital One and Discover Bank merged into CONA. See “Part II—Item 8. Financial Statements and Supplementary Data—Note…

Risk factors COF lists in its 10-K

• We may not be able to successfully integrate our businesses associated with the Transaction, or such integration may be more difficult, time-consuming or costly than expected
• We will continue to incur substantial expenses related to the integration of Discover, and the expenses may be greater than anticipated due to factors, some or all of which may be outside our control
• We may fail to realize all of the anticipated benefits of the Transaction, or those benefits may take longer to realize than expected due to factors that may be outside our control
• We face risks resulting from the extensive use of models and data, as well as from our evolving use of AI
• We face intense competition in all of our markets, which could have a material adverse effect on our business and results of operations
• We may not be able to maintain adequate sources of funding and liquidity to operate our business
• We may experience increases in delinquencies and credit losses, or we may incorrectly estimate expected losses, which could result in inadequate reserves
• Incorrect Estimates of Expected Credit Losses
• Our risk management strategies may not be fully effective in mitigating our risk exposures in all market environments or against all types of risk
• Increasing Charge-off Recognition/Allowance for Credit Losses
• Geographic and Industry Concentration
• Limitations on our ability to receive dividends from our subsidiaries could affect our liquidity and ability to pay dividends and repurchase our common stock
• A downgrade in our credit ratings could significantly impact our liquidity, funding costs and access to the capital markets
• We face risks related to our operational, technological and organizational infrastructure
• Compliance with new and existing domestic and foreign laws, regulations and regulatory expectations is costly and complex, and any significant changes may adversely affect our business
• Our businesses are subject to the risk of increased litigation, government investigations and regulatory enforcement
• Defaults or risks from bankruptcies, liquidations, restructurings, consolidations and outages by our network participants may adversely affect our business, financial condition, cash flows and results of operations
• If we are not able to invest successfully in and introduce digital and other technological developments across all our businesses, our financial performance may suffer
• We may fail to realize the anticipated benefits of our mergers, acquisitions and strategic partnerships
• New Businesses and Geographic or Other Markets
• Identification and Assessment of Merger and Acquisition Targets and Deployment of Acquired Assets
• Reputational risk and social factors may impact our results and damage our brand
• If we are not able to protect our intellectual property rights, or we violate third-party intellectual property rights, our revenue and profitability could be negatively affected
• Our business could be negatively affected if we are unable to attract, develop, retain and motivate key senior leaders and skilled employees
• We face risks from catastrophic events
• Climate change manifesting as physical or transition risks could adversely affect our businesses, operations and customers and result in increased costs
• We face risks from the use of or changes to assumptions or estimates in our financial statements
• The soundness of other financial institutions and other third parties, actual or perceived, could adversely affect us

Filings

Other Financials companies