Investing.com - Capital One Financial (NYSE:COF) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $3.37 on revenue of $7.12B. Analysts polled by Investing.com forecast EPS of $2.89 on revenue of $7B. That compared to EPS of $3.22 on revenue of $7.19B in the same period a year earlier. The company had reported EPS of $2.9 on revenue of $7.08B in the previous quarter.
Capital One Financial shares gained 3.67% to trade at $92.00 in after-hours trade following the report.
For the year, Capital One Financial shares are up 17.4%, under-performing the S&P 500 which is up 20.92% year to date.
Capital One Financial follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported second quarter EPS of $2.82 on revenue of $29.57B, compared to forecasts of EPS of $2.51 on revenue of $28.84B.
Bank of America earnings beat analyst's expectations on Wednesday, with second quarter EPS of $0.74 on revenue of $23.08B. Investing.com analysts expected EPS of $0.71 on revenue of $23.12B
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