5 Stocks Making Big Moves on Quarterly Results

4. Capital One Financial Corporation (NYSE:COF)

Number of Hedge Fund Holders: 55

Shares of Capital One Financial Corporation (NYSE:COF) closed higher on Tuesday, January 25, 2022, after beating profit and sales expectations for the fourth quarter. The provider of commercial banking services earned $5.41 per share, slightly higher than $5.35 per share in the comparable period of 2020.

Revenue rose four percent on a year-over-year basis to $8.1 billion. Analysts were expecting Capital One Financial Corporation (NYSE: COF) to post earnings of $5.33 per share on revenue of $7.94 billion.

If we look at some of the key growth indicators, net interest income for the quarter increased to $6.45 billion from $5.87 billion in the year-ago quarter. In comparison, non-interest income surged to $1.67 billion from $1.46 billion a year earlier. In addition, Capital One Financial Corporation (NYSE:COF) reported an increase of one percent or $2.2 billion in average deposits for the quarter.

Commenting on the results, CEO of Capital One Financial Corporation (NYSE: COF), Richard Fairbank, said:

“In the fourth quarter, we posted strong growth with strikingly strong credit results, and we continued to return capital to our shareholders. As we enter 2022, we continue to see attractive opportunities to grow and build our franchise.”