Capital One card volume rose 11% while investing further in AI
Capital One's credit card purchase volume increased 11% year over year to $254.7 billion in the third quarter. Domestic card charge-offs fell to 3.98%, down 65 basis points from a year earlier. The bank is also investing further in generative and agentic AI.
NoteFor card lenders, falling charge-offs alongside higher spending is the number to watch next quarter.
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