Capital One Financial (COF) is lower today after reporting first-quarter 2026 earnings that came in below Wall Street expectations, driving a negative read-through despite higher year-over-year net income. The report showed adjusted EPS of $4.42 and revenue of $15.23 billion, both missing consensus forecasts, which is pressuring the stock in today’s session. (zacks.com)

Beyond the headline miss, investors are parsing credit and reserve metrics. Capital One reported a provision for credit losses of $4.1 billion in Q1, a figure that remains large and keeps attention on consumer credit normalization and loss rates across the card book. (investing.com)

With the earnings print now out (released April 21, 2026), traders will likely focus on management commentary around credit performance and reserve builds, plus any updated expectations for funding costs and profitability. Any incremental updates tied to the Discover integration and related adjustments can also move near-term sentiment given how prominently those items have featured in adjusted results. (quartr.com)