Capital One Financial Corp

COF: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$667.00	Rzpkd	Bwzwmpczh

Strong Loan Growth Is Offset by Higher Marketing Spending in Capital One's Q1 Results

Michael Miller

Apr 27, 2022

Narrow-moat-rated Capital One reported decent first-quarter results as the bank continues to see good loan growth and credit costs remain below normal levels. Preprovision net revenue increased 14.9% year over year and 0.7% sequentially to $8.2 billion. EPS was $5.62, which translates to a return on equity of 17.0%. We are maintaining our $161 per share fair value estimate.

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