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.
