Capital One’s Q1 earnings miss raises concerns about consumer financial strain
Capital One reported $15.2 billion in revenue, resulting in an adjusted per-share profit of $4.42.
The company’s loan-loss provision came in at $4.07 billion, exceeding estimates of $3.77 billion.
Charge-offs jumped from $2.74 billion in Q1 2025 to $3.85 billion for the first quarter of this year, indicating increased bad debt.
The earnings miss and rising loan-loss provision suggest the average consumer is under increasing financial strain.