Capital One Financial Corp. (COF) released its first quarter results on Thursday, April 29, 2021. The company reported net earnings of $7.03 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 327 percent compared to the same period a year ago.
Capital One Financial Corporation was founded in 1988 and is headquartered in McLean, Virginia. Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
Capital One Financial Corp.'s revenue decreased 8 percent over the past trailing twelve-month period versus the previous twelve-month period. Operating margins increased to 55.56% over the same period. Net earnings for past trailing twelve months were $7018.0 million, up 186% from the prior year.
Overall liquidity of the balance sheet, as measured by the current ratio, increased 42.93% this past year. The current ratio for Capital One Financial Corp. now stands at 1.53. The company increased shares outstanding by 0.33%.
Shares of COF are currently trading around $149.23. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 9.8 and price to book ratio of 1.12.