Capital One: Q3 Earnings Snapshot – WTOP News
Adjusted earnings of $6.69 per share and revenue of $20.36 billion both beat analyst forecasts, helped by lower credit loss provisions.
- On Tuesday, Capital One Financial Corp. reported third-quarter net income of $3.54 billion, topping Wall Street expectations with adjusted earnings of $6.69 per share.
- Provisions for credit losses fell to $2.9 billion, down $73 million, while Capital One released $225 million from loan loss reserves, strengthening profitability.
- Loans held for investment totaled $462.5 billion, up $5.4 billion or 1%, while deposits fell 1% to $480.7 billion, reflecting mixed portfolio trends.
- Richard D. Fairbank, Capital One's founder, chairman and chief executive officer, said the Discover integration "continues to go well" and is delivering expected synergies.
- Capital One will discuss Q3 results during a conference call today at 5:00 p.m. ET, with a webcast replay accessible via the company's website until Nov. 3.
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14 Articles
Capital One Financial (NYSE:COF) Posts Earnings Results, Beats Estimates By $1.19 EPS
Capital One Financial (NYSE:COF - Get Free Report) posted its quarterly earnings data on Tuesday. The financial services provider reported $6.69 EPS for the quarter, topping the consensus estimate of $5.50 by $1.19. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%. The company had revenue of $16.31 billion during the quarter, compared to analyst estimates of $16.25 billion.
Capital One: Q3 Earnings Snapshot – WTOP News
MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Capital One Financial Corp. (COF) on Tuesday reported third-quarter net income of $3.54 billion. The McLean, Virginia-based company said it had profit of $5.61 per share. Earnings, adjusted for non-recurring costs, came to $6.69 per share. The results topped Wall Street expectations. The average estimate of eight...
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