MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Capital One Financial Corp. (COF) on Thursday reported second-quarter net income of $1.43 billion.
The McLean, Virginia-based company said it had net income of $3.52 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.31 per share.
The credit card issuer and bank posted revenue of $12.07 billion in the period. Its adjusted revenue was $9.01 billion, missing Street forecasts. Nine analysts surveyed by Zacks expected $9.17 billion.
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