CLSA Upgrades Capital One Financial (COF) to Buy

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Go back to CLSA Upgrades Capital One Financial (COF) to Buy

Capital One Reports Second Quarter 2015 Net Income of $863 million, or $1.50 per share

July 23, 2015 4:06 PM EDT

MCLEAN, Va., July 23, 2015 /PRNewswire/ --  Capital One Financial Corporation (NYSE: COF) today announced net income for the second quarter of 2015 of $863 million, or $1.50 per diluted common share, compared to the first quarter of 2015 with net income of $1.2 billion, or $2.00 per diluted common share, and the second quarter of 2014 with net income of $1.2 billion, or $2.04 per diluted common share. Net income for the second quarter of 2015, adjusted for the impact of restructuring charges of $147 million and a build in the U.K. PPI reserve of $78 million, was $1.0 billion or $1.78 per diluted common... More