What trends are visible in COF's 2024 quarterly earnings?
3/29/2025 11:43am
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:
|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|COF|COF.N|Capital One|2024 Q1|33.33333333333333|1.28E9|169|
|COF|COF.N|Capital One|2024 Q2|-58.280922431865825|5.97E8|169|
|COF|COF.N|Capital One|2024 Q3|-0.7262569832402235|1.777E9|169|
|COF|COF.N|Capital One|2024 Q4|55.240793201133144|1.096E9|169|
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.