Investing.com - Capital One Financial (NYSE:COF) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $3.32 on revenue of $6.96B. Analysts polled by Investing.com expected EPS of $2.93 on revenue of $7.21B. That compared to EPS of $3.12 on revenue of $6.96B in the same period a year earlier. The company had reported EPS of $3.37 on revenue of $7.12B in the previous quarter.
Capital One Financial shares lost 4.31% to trade at $88.00 in after-hours trade following the report.
For the year, Capital One Financial shares are up 21.66%, broadly in line with the S&P 500 which is up 21.51% year to date.
Capital One Financial follows other major Financial sector earnings this month
On October 15, JPMorgan reported third quarter EPS of $2.68 on revenue of $30.06B, compared to forecasts of EPS of $2.45 on revenue of $28.47B.
Bank of America earnings beat analyst's expectations on October 16, with third quarter EPS of $0.56 on revenue of $22.8B. Investing.com analysts expected EPS of $0.54 on revenue of $22.58B
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