With Improving Profitability, Healthy Capital Levels, Capital One Poised to Increase Capital Returns
Narrow-moat Capital One had an excellent quarter driven by improving credit quality and continued growth that will force us to increase our 2018 earnings estimate to $12.54 per share. Previously, we projected GAAP earnings of $10.28 per share. However, we’d like to point out approximately $0.75 per share of our estimate increase is related to Capital One’s divestiture of its mortgage portfolio, which generated a one-time pretax gain of $400 million. In addition, in a normalized environment Capit...Capital One Financial is a financial services holding company. Through its subsidiaries, the company provides an array of financial products and services. The company's segments are: Credit Card, which consists of the company's domestic consumer and small business card lending, and international card businesses in Canada and the United Kingdom.; Consumer Banking, which consists of the company's deposit gathering and lending activities for consumers and small businesses, and national auto lending; and Commercial Banking, which consists of the company's lending, deposit gathering, capital markets and treasury management services to commercial real estate and commercial and industrial customers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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