Capital One Financial (NYSE: COF) posted a non-GAAP loss of $3.02 per share on revenue of $7.25 billion in the first quarter of 2020. On a GAAP basis, Capital One’s net loss was $1.3 billion, or $3.10 per share in the first quarter 2020, compared with net income of $1.4 billion, or $2.86 per share in the first quarter of 2019. COF stock declined by about 1% in the extended trading session.
COF stock, which reached its 52-week high of ($107.59) on January 22, tumbled to its 52-week low ($38.00) within two months. Shares of Capital One have lost 49% of its value so far this year.
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