Capital One Financial (COF) PT Lowered to $101 at Instinet; Reiterates Buy
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Capital One Reports First Quarter 2017 Net Income of $810 million, or $1.54 per share
April 25, 2017 4:06 PM EDTMCLEAN, Va., April 25, 2017 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) today announced net income for the first quarter of 2017 of $810 million, or $1.54 per diluted common share, compared to the fourth quarter of 2016 with net income of $791 million, or $1.45 per diluted common share, and the first quarter of 2016 with net income of $1.0 billion, or $1.84 per diluted common share. We recorded a build in the U.K. Payment Protection Insurance customer refund reserve ("U.K. PPI Reserve") of $99 million in the first quarter of 2017. Excluding this adjusting item, net income for the... More
