Tags: Capital One | card | credit | profit

Capital One Profit Rises 8 Percent on Card Growth

Thursday, 17 Jul 2014 04:28 PM

Capital One Financial Corp., one of the largest U.S. credit card issuers, reported an 8 percent rise in quarterly profit as card loans grew and credit quality remained stable.

The company's net income attributable to common stockholders rose to $1.18 billion, or $2.04 per share, in the second quarter ended June 30, from $1.09 billion, or $1.85 per share, a year earlier.

Total net revenue fell 3 percent to $5.47 billion.

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Capital One Financial Corp., one of the largest U.S. credit card issuers, reported an 8 percent rise in quarterly profit as card loans grew and credit quality remained stable.
Capital One, card, credit, profit
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2014-28-17
Thursday, 17 Jul 2014 04:28 PM
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