U.S. Credit Card Giant Misses Earnings Expectations... Stock Drops Over 5% in One Day

Shares of U.S. credit card and consumer finance company Capital One Financial Corp. (NYSE: COF) closed down 5.18% at $195.05 on the New York Stock Exchange. Its market capitalization stood at $120.7 billion (approximately KRW 163 trillion), with about $5.9 billion (roughly KRW 8 trillion) in market value erased in a single day. Trading volume reached 2.666 million shares.

In its first-quarter earnings report released after the market close, Capital One Financial posted net income of $2.17 billion and earnings per share of $4.42, missing the Wall Street consensus of $4.61. Adjusted revenues of $152.3 billion also came in slightly below forecasts, triggering a wave of sell orders. At the same time, investors are closely watching the integration progress and the pace of profitability improvement following the $35.3 billion (about KRW 48 trillion) acquisition of Discover Financial, completed in May 2025.

Headquartered in McLean, Virginia, Capital One Financial is a major U.S. credit card and consumer finance group that has grown around credit cards, auto loans, and retail banking. The 2024 announcement of its Discover acquisition significantly expanded both its asset base and customer footprint, cementing its position as one of the largest credit card issuers in the United States. As one of the few players operating its own payment network, Capital One is also reshaping the competitive landscape against Visa and Mastercard.