What trends are visible in COF's 2024 quarterly earnings?

Capital One's (COF) 2024 quarterly earnings show a volatile trend with a significant decline in the second quarter, followed by a recovery in the third quarter and a slight dip in the fourth quarter:

The net income in the first quarter was $1.28 billion, which decreased by 53.9% to $597 million in the second quarter. However, the net income recovered sharply to $1.78 billion in the third quarter, increasing by 2.5% to $1.1 billion in the fourth quarter. This trend suggests that Capital One faced a challenging period in the second quarter, but the company's performance improved in the subsequent quarters.