Friday, October 21, 2011

Capitol One reports better-than-expected earnings...

Capital One Financial Corp. (COF). The company reported a better-than-expected quarterly profit as net interest income rose and the bank set aside less money for loan losses. Capital One reported third-quarter net income of $813 million, or $1.77 per share and total revenues rose 3.4 percent to $4.15 billion from $4 billion a year ago.

COF is up 1.91 to 42.40 on the news

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