Capital One Financial Corporation (COF) Presents at Goldman Sachs 2025 U.S. Financial Services Conference Transcript
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SA Transcripts157.27K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Capital One Financial Corporation (COF) Goldman Sachs 2025 U.S.
Financial Services Conference December 9, 2025 2:20 PM EST Company Participants Richard Fairbank - Founder, Chairman, CEO & PresidentJeff Norris - Senior Vice President of Finance Conference Call Participants Ryan Nash - Goldman Sachs Group, Inc., Research Division Presentation Ryan NashGoldman Sachs Group, Inc., Research Division Sorry, we're a minute or 2 late. We won't lose it on the back end. We're pleased to have Capital One joining us once again. It's been a busy year for Cap One, highlighted by the closing of the Discover acquisition in May. In addition, the company has continued to see improving credit despite an uncertain macro, and more recently began returning excess capital to shareholders. Here to tell us more about the story is Chairman and CEO, Rich Fairbank. Rich, welcome. Richard FairbankFounder, Chairman, CEO & President Thank you very much Ryan. Jeff Norris is going to join us here as well.
Unknown Attendee Chairman, chairperson, or chair is a... Richard FairbankFounder, Chairman, CEO & President My phone's AI picking up what you're saying. Ryan NashGoldman Sachs Group, Inc., Research Division Your AI defined what a Chairman is. I've always been wondering. Question-and-Answer Session Ryan NashGoldman Sachs Group, Inc., Research Division So Rich, Yes. So I think this is our 16th straight year doing this. And I think each year, we've started a similar way. I didn't have hair when we started. Let's maybe just start with the state of the consumer. Can you talk about what you're seeing from the consumer and how they're positioned as we move into '26? Richard FairbankFounder, Chairman, CEO & President Okay. Yes. Thank you, Ryan, and thanks, everybody, for being here, and thanks for those joining in on the webcast. It's always a highlight here, and I don't think I've missed one Recommended For You