MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Capital One Financial Corp. (COF) on Tuesday reported second-quarter earnings of $597 million.
The McLean, Virginia-based company said it had profit of $1.38 per share. Earnings, adjusted for non-recurring costs, were $3.14 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.28 per share.
The credit card issuer and bank posted revenue of $9.51 billion in the period, which matched Street forecasts.
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