Capital One Q3 Earnings Beat Estimates By 36%: Details

Benzinga

Capital One shares rose 3% after Q3 earnings beat forecasts, posting $5.95 EPS and $15.35B revenue. CEO Richard Fairbank said performance was strong across credit and capital, with the Discover integration progressing well.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Capital One financial shares rose 3% to $223.60 in after-hours trading on Tuesday

00:07after reporting third-quarter earnings and topped expectations, according to Benzinga.

00:12Bank posted earnings of $5.95 per share, beating the $4.37 estimate by 36%.

00:18Revenue reached $15.35 billion, seeing expectations of $15.07 billion,

00:23and rising from $10.01 billion a year earlier.

00:25Total net revenue rose 23% to $15.4 billion, while non-interest expenses increased 80% to $8.3 billion.

00:33CEO Richard Fairbanks said results remain strong across earnings, credit, and capital generation,

00:38adding that the Discover integration continues to go well.

00:41For all things money, visit Benzinga.com.

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