With third-quarter earnings score cards from Capital One Financial Corp. (NYSE:
Wall Street pitches Capital One's earnings at $1.94 per share, down from $1.98 per share last year. However, revenues are estimated to have increased 8.80 percent to $6.42 billion.
At the same time, analysts on average expect Discover Financial to have earned $1.47 per share in the third quarter, up from $1.38 per share a year ago. The consensus estimate calls for revenues of $2.27 billion, down 3.80 percent year-over-year.
Barclays expects Capital One's third-quarter earnings to top the Street view, driven by higher net interest margin and balance sheet growth. The firm said it expects higher fee income, relatively stable expenses, higher NCOs and continued reserve build. Key items to watch include Cabelas Inc (NYSE:
Now, how does that stack up against the others credit card companies that have reported already?
Those Already Reported
American Express Company (NYSE:
Visa Inc (NYSE:
More importantly, Visa predicted 2017 net revenue growth of 16–18 percent and mid-teens increase in adjusted, non-GAAP earnings on a nominal dollar basis. This was shy of the 19.60 percent revenue growth forecast by analysts, on average.
MasterCard Left To Report As Well
Rounding off the pack, Mastercard Inc (NYSE:
At Last Check ...
- American Express was down 0.49 percent at $66.75.
- Capital One Financial was up 0.09 percent at $75.47.
- Discover Financial shares were down 1.05 percent at $55.82.
- MasterCard shares were down 0.26 percent at 102.92.
- Visa was pulling back 1.15 percent to $82.21.
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|Oct 2016||Bank of America||Upgrades||Underperform||Neutral|
|Jun 2016||Goldman Sachs||Maintains||Neutral|
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