Capital One beats expectations as credit costs decline sharply in Q2 💳 Capital One reported Q2 2026 net income of $3.0 billion, equivalent to GAAP EPS of $4.73. Adjusted EPS reached $5.81, above the $4.80 estimate, while net revenue rose about 4% from the previous quarter to nearly $15.9 billion. 📉 The largest contribution came from the provision for credit losses, which declined by $1.1 billion from Q1. The company also released $662 million in loan reserves, providing a significant boost to quarterly earnings. 🏦 Net interest margin increased to 8.01%, while management said the integration of Discover remains on track after 14 months. The figures suggest that core operations and consumer credit quality are becoming more stable compared with previous quarters. ⚠️ However, the reserve release may not be repeated. The outlook for upcoming quarters will continue to depend on delinquencies, charge-off rates, the US labor market and remaining integration costs. #CapitalOne