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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
  1.78 1.53% 117.85 119.44 116.46 117.15 3,612,448 01:00:00

Capital One Financial Posts Higher 4Q Revenue

24/01/2023 9:51pm

Dow Jones News


Capital One Financial (NYSE:COF)
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By Kathryn Hardison

 

Capital One Financial Corp. reported a boost to its fourth-quarter revenue from a year ago, driven by higher net interest income and non-interest income.

The financial services company posted net income of $1.2 billion, or $3.03 per share, compared with $2.4 billion, or $5.41 per share, a year ago. Adjusted per-share earnings came to $2.82, below analysts' expectation of $3.87 per share, according to FactSet.

Revenue increased 11% to $9.04 billion. Still, Capital One Financial missed the $9.07 billion analysts were looking for.

Net interest income was roughly $7.20 billion, up from $6.45 billion the year prior. Non-interest income was $1.84 billion, up from $1.67 billion a year ago.

 

Write to Kathryn Hardison at kathryn.hardison@wsj.com

 

(END) Dow Jones Newswires

January 24, 2023 16:36 ET (21:36 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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