Capital One Financial ( (COF) ) has shared an update.
Capital One Financial Corporation’s latest report reveals key insights into credit card and auto loans performance as of October 2024. Domestic credit card net charge-offs reached 5.82%, influenced by the termination of the Walmart program, while the auto loan sector saw a lower charge-off rate of 2.34%. These metrics reflect the ongoing challenges in managing loan delinquencies and charge-offs, crucial for investors monitoring financial stability and loan portfolio health.
See more insights into COF stock on TipRanks’ Stock Analysis page.