Investing.com - Capital One Financial (NYSE:COF) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $2.9 on revenue of $7.08B. Analysts polled by Investing.com anticipated EPS of $2.73 on revenue of $7.02B. That compared to EPS of $2.65 on revenue of $6.91B in the same period a year earlier. The company had reported EPS of $1.87 on revenue of $7.01B in the previous quarter.
Capital One Financial shares gained 1.24% to trade at $89.14 in after-hours trade following the report.
For the year, Capital One Financial shares are up 16.48%, under-performing the S&P 500 which is up 18.14% year to date.
Capital One Financial follows other major Financial sector earnings this month
On April 12, JPMorgan reported first quarter EPS of $2.65 on revenue of $29.85B, compared to forecasts of EPS of $2.35 on revenue of $28.44B.
Bank of America earnings beat analyst's expectations on April 16, with first quarter EPS of $0.7 on revenue of $23B. Investing.com analysts expected EPS of $0.66 on revenue of $23.16B
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