Capital One Financial (NYSE:COF) announced that it earned $1.17 billion, or $2.01 per share during the most recent fiscal quarter. Revenue increased by 39 percent to $5.78 billion. Analysts expected earnings of $1.68 per share on revenue of $5.55 billion.
Shares are higher by over 5.8 percent.
Rival Bank of America (NYSE:BAC) reported earnings on Wednesday, with a break even quarter, beating estimates of a loss of 7 cents per share.
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