Capital One: Q3 Earnings Snapshot

MCLEAN, Va. (AP) _ Capital One Financial Corp. (COF) on Tuesday reported third-quarter profit of $3.1 billion.

On a per-share basis, the McLean, Virginia-based company said it had net income of $6.78. Earnings, adjusted for non-recurring costs, came to $6.86 per share.

The results exceeded Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $5.22 per share.

The credit card issuer and bank posted revenue of $8.21 billion in the period. Its adjusted revenue was $7.83 billion, also topping Street forecasts. Fifteen analysts surveyed by Zacks expected $7.43 billion.

_____

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

Copyright © 2021 . All rights reserved. This website is not intended for users located within the European Economic Area.

Comments