
Capital One (COF) Stock Declines in After-Hours Trading on Q2 Earnings Miss
NEW YORK (TheStreet) -- Shares of Capital One Financial (COF) - Get Report are down 3.66% to $65.50 in after-hours trading after the company reported lower-than-expected earnings and revenue for the 2016 second quarter.
Capital One reported diluted earnings of $1.76 per share, which was lower than Wall Street's estimates of $1.86.
The McLean, VA-based company also reported revenue of $6.25 billion, missing estimates of $6.28 billion.
"We remain well positioned to deliver growth and returns at the higher end of banks and distribute significant capital to shareholders, subject to regulatory approval," said CEO Richard Fairbank.
The company affirmed its guidance for domestic card credit and total company efficiency ratio for the quarter.
Capital One's main business lines have been under pressure lately due to a low interest rate environment.
Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B-.
The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. TheStreet Ratings feels its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: COF
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.










