New Capital One Study Finds Consumer Spending at Downtown Richmond Small Businesses Has Grown Nearly 50% Since 2019
Capital One Financial Corporation (COF)
Last capital one financial corporation earnings: 4/23 04:05 pm
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Source: Business Wire
Gap in spend growth rate between small business and non-small business has shrunk MCLEAN, Va.--(BUSINESS WIRE)--A new study conducted by the Capital One Insights Center with assistance from Mastercard has unveiled insights into the growth and development of small businesses in Richmond, Virginia.The study examined the small business ecosystem in Richmond using a measure of consumer spending based on anonymized and aggregated Mastercard transaction data, tracking growth and spending trends at small businesses from 2019 to 2023. It found that small businesses have recovered strongly since a 20% Mastercard consumer spend volume dip in 2020, nearly closing the gap with non-small businesses over the following three years. The study also found notable growth in the Manchester District, where the number of small businesses grew by 41% from 2019 to 2022, and Downtown, where customer spending increased by almost 50% over that same period.With goals of identifying drivers of small business g
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COF
Earnings
- 4/25/24 - Miss
COF
Sec Filings
- 6/28/24 - Form 8-K
- 6/26/24 - Form 11-K
- 6/24/24 - Form 15-12G
- COF's page on the SEC website