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McLean, Virginia-based Capital One Financial Corporation (COF) focuses on consumer and commercial lending and deposit origination. Its subsidiaries provide financial products and services to consumers, small businesses, and commercial clients. With a market cap of $58.3 billion, Capital One’s operations span the U.S., Canada, and the U.K. The financial services giant is expected to release its Q3 earnings after the market closes on Thursday, Oct. 24.
Ahead of the event, analysts expect Capital One to report a profit of $3.69 per share, down 17.1% from $4.45 per share reported in the year-ago quarter. The company has missed Wall Street’s adjusted EPS projection thrice over the past four quarters while exceeding on one other occasion. Its adjusted EPS for the last reported quarter dipped 10.8% year-over-year to $3.14 and missed the consensus estimates by 4.3%.
