opening
the reading
the reading
runningChoosing a company to open on
Every reason Capital One is held for was read against its filing of 28 jul 2026. 3 of 4 moved. Here is what each change was, in the filing’s own words.
A filing arrived. Every reason this company is held for was checked against it, one at a time, and this is what the document did to each one that changed.
Capital One (COF) is held for 4 reasons. The 10-Q filed 28 jul 2026 was read against every one of them.
Capital One (COF) — pricing power · now strengthening
A figure moved: Net interest margin: 7.62 → Net interest margin: 8.01 (+39bp). Net interest margin rose from 7.62% to 8.01%, consistent with the thesis that the Discover integration lifts consolidated NIM above 8%.
Capital One (COF) — reserve cushion · now moved
A figure moved: Net charge-offs: 3060.0 → Net charge-offs: 3642.0 (+19.0%). Net charge-offs rose from $3,060 million to $3,642 million (up 19.0%), bearing on the credit loss trajectory underlying the allowance release rationale.
Capital One (COF) — capital discipline · now weakening
A figure moved: Tier 1 capital(10): 15.3 → Tier 1 capital(10): 14.8 (-50bp). Tier 1 capital ratio declined from 15.3% to 14.8%, a 50 basis-point reduction that modestly narrows the discretionary buffer available for share repurchases.
Nothing above is a recommendation and no price appears in it. We read the filings, write down the reasons a company is held, and report what each new one did to them. The full argument, with the sentence behind every reason, is on the company’s own page.
Every line above traces to a filing. Each company’s full argument, with the sentence behind every reason, is on its own page — or run the same query on the index.