Capital One Financial (COF) Tops Q3 EPS by 2c

Capital One Financial (NYSE: COF) reported Q3 EPS of $1.94, $0.02 better than the analyst estimate of $1.92. Revenue for the quarter came in at $5.64 billion versus the consensus estimate of $5.56 billion.

Third Quarter 2014 Income Summary:

• Total net revenue increased 3 percent to $5.6 billion.
• Total non-interest expense remained flat at $3.0 billion.
• Pre-provision earnings increased 7 percent to $2.7 billion.
• Provision for credit losses increased 41 percent to $993 million.
• Mortgage representation & warranty provision of $70 million ($44 million net of tax) in discontinued operations

For earnings history and earnings-related data on Capital One Financial (COF) click here.

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