close
close

Tag: Net interest income

Why Capital One Financial Surged Today

Posted on | Posted on angela | Leave a Comment on Why Capital One Financial Surged Today
Why Capital One Financial Surged Today

Shares of Capital One Financial (NYSE:COF) rose as much as 9.5% on Friday before falling back to a 5.6% gain as of 2:25 p.m. ET. The tech-savvy credit card and auto lender reported earnings last night that were well above analysts' expectations and saw a significant increase in net interest income. Investors cheered the results. […]

Strong returns despite rising…

Posted on | Posted on angela | Leave a Comment on Strong returns despite rising…
Strong returns despite rising…

Net income: $1.8 billion, or $4.41 per diluted common share. Adjusted earnings per share: $4.51 after adjusting items. Result before reset: Increased 3% to $4.7 billion. Sales growth: Increase of 5% due to higher net interest income. Non-interest expenses: Increased 7% due to higher operating costs and marketing expenses. Provision for loan losses: $2.5 billion, […]