Capital One Financial (NYSE: COF) announced that it had made $803 million or $1.76 per share during the third-quarter, up from revenue of $394 million or $0.87 per share during the year earlier.
Analysts had expected the company to make $1.20 per share. After beating analysts’ expectations, Capital One’s stock rose by 4.27% during after-hours trading on top of being up 1.00% for the day.
“Strong third-quarter revenues, credit results, and profits continue to demonstrate our resilience in the face of ongoing economic and regulatory uncertainty,” said Capital One CEO Richard D. Fairbank in a statement. “We’re well positioned to take advantage of emerging opportunities.”
Capital One Financial Corporation (Capital One) is a diversified financial services company, whose banking and non-banking subsidiaries market a variety of financial products and services. Capital One, National Association (CONA), which offers a range of banking products and financial services to consumers, small businesses and commercial clients. The Company operates in three segments: Credit Card, Commercial Banking and Consumer Banking. The Company’s principal subsidiaries include Capital One Bank, (USA), National Association (COBNA), which offers credit and debit card products, other lending products and deposit products. On February 27, 2009, the Company acquired Chevy Chase Bank F.S.B. (Chevy Chase Bank).
Shares of COF traded up 1.00% during mid-day trading on Monday.
