Capital One: Q4 Earnings Snapshot
MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Capital One Financial Corp. (COF) on Tuesday reported fourth-quarter profit of $1.1…
MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Capital One Financial Corp. (COF) on Tuesday reported fourth-quarter profit of $1.1 billion.
The McLean, Virginia-based company said it had net income of $2.67 per share. Earnings, adjusted for one-time gains and costs, came to $3.09 per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.66 per share.
The credit card issuer and bank posted revenue of $13.81 billion in the period. Its adjusted revenue was $10.19 billion, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $10.16 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COF at https://www.zacks.com/ap/COF
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