Jan. 23 at 2:28 PM
💳
$COF just dropped the earnings report… then lit
$5.15B on a fintech power move.
Capital One missed Q4 EPS (
$3.86 vs
$4.11 est) even though revenue beat (
$15.58B vs
$15.48B). The problem? Costs are climbing fast:
📌 Credit loss provisions jumped to
$4.1B
📌 Non-interest expenses up 13% (marketing alone +38%)
📌 NIM dipped to 8.26%
Then the headline grenade: Capital One is buying Brex for
$5.15B (50/50 cash + stock).
$COF slid ~-3.8% premarket on the combo punch.
Brex (once valued ~
$12B) brings corporate cards + spend management + fintech DNA. Clients include
$HOOD,
$ZM, and AI names like Anthropic.
Big bet: turn
$COF into a serious business payments machine… or just another expensive “synergy” story. 👀🔥