The leading financial services company is expected to announce its fiscal fourth-quarter earnings for after the market closes on Tuesday, Jan. The company missed the consensus estimates in three of the last four quarters while beating the forecast on another occasion. COF has outperformed due to the falling-interest rate environment and pending acquisition of Discover Financial Services DFS , expected to drive a massive credit card business combined.
Additionally, potential cost savings and policy changes could further benefit the bank. Moreover, its performance is driven by the expansion of its domestic card and auto businesses, as well as its consistently stable consumer credit performance. On Oct. On the date of publication, Neha Panjwani did not have either directly or indirectly positions in any of the securities mentioned in this article.
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