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COF Capital One Financial Corporation

144.61
0.00 (0.00%)
Pre Market
Last Updated: 10:23:07
Delayed by 15 minutes
Share Name Share Symbol Market Type
Capital One Financial Corporation NYSE:COF NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 144.61 24 10:23:07

Capital One Misses 4Q Revenue Expectations, Posts Higher EPS

22/01/2019 9:53pm

Dow Jones News


Capital One Financial (NYSE:COF)
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   By Patrick Thomas 
 

Shares of Capital One Financial Corp.'s (COF) fell about 4% in after-hours trading after the company's total revenue in the fourth quarter fell just short of expectations.

The McLean, Va.-based bank reported a profit of $1.3 billion, or $2.48 a share, compared with a net loss of $971 million, or $2.17 a share, a year ago. Analysts polled by FactSet were expecting earnings of $2.39 a share. Capital One posted adjusted earnings of $1.87 a share.

Total net revenue was the same as a year ago at about $7 billion. Analysts had expected $7.1 billion of revenue in the quarter.

Net interest income was $5.82 billion, about the same as a year ago but slightly below the $5.83 billion analysts expected. Noninterest income fell 1% to $1.19 billion from a year ago. Analysts had expected $1.25 billion.

 

Write to Patrick Thomas at patrick.thomas@wsj.com

 

(END) Dow Jones Newswires

January 22, 2019 16:38 ET (21:38 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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