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| 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 |
From Jul 2019 to Jul 2024
By Aisha Al-Muslim
Capital One Financial Corp. (COF) on Tuesday reported a profit for the third quarter of $1.5 billion, or $2.99 a share, up from $1.11 billion, or $2.14 a share, a year earlier. Adjusted earnings were $3.12 a share, beating the $2.88 a share analysts polled by Refinitiv were looking for.
Net revenue for the credit-card and banking company dropped 3% to $6.96 billion, still ahead of the consensus forecast of $6.89 billion.
Net interest income rose to $5.79 billion from $5.7 billion a year earlier. The company's net interest margin fell to 7.01% from 7.08%.
The company's net loans held for investment were $231.54 billion, compared with $245 billion in the same period a year ago. Capital One's provision for credit losses decreased by 1% to $1.3 billion.
Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com
(END) Dow Jones Newswires
October 23, 2018 16:36 ET (20:36 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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