27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Capital One Financial Corp (NYSE:COF) shares are trading slightly lower in Thursday's after-hours session after the company reported mixed financial results.
What Happened: Capital One said second-quarter revenue increased 1% year-over-year to $9.01 billion, which missed the consensus estimate of $9.12 billion, according to Benzinga Pro. The company reported quarterly earnings of $3.52 per share, which beat analyst estimates of $3.22.
Non-interest expenses decreased 3% year-over-year to $4.8 billion. Provision for credit losses decreased by $305 million to $2.5 billion. Net interest margin came in at 6.48%, down 12 basis points year-over-year.
Period-end credit cards loans increased by 4% year-over-year, while consumer banking loans decreased by 1%, and commercial banking loans fell by 2%. Period-end total deposits decreased by 2% to $343.7 billion, while average deposits increased 1%.
"We continue to lean into attractive opportunities to grow and build our franchise in our domestic card and national retail bank businesses, and our opportunities are enhanced by our technology transformation," said Richard Fairbank, founder, chairman and CEO of Capital One.
"Our investments to build and leverage a modern technology infrastructure are expanding our opportunities and driving value creation over the long-term."
Management will hold a conference call to discuss these results at 5 p.m. ET.
See Also: Intuitive Surgical Stock Is Sliding After Hours: What's Going On?
COF Price Action: Capital One shares were down 0.75% after hours at $114.09 at the time of writing, according to Benzinga Pro.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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