Investing.com - Capital One Financial (NYSE:COF) reported fourth quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.87 on revenue of $7.01B. Analysts polled by Investing.com anticipated EPS of $2.41 on revenue of $7.1B. That compared to EPS of $1.59 on revenue of $7.80B in the same period a year earlier. The company had reported EPS of $3.12 on revenue of $6.96B in the previous quarter.
Capital One Financial shares lost 4.96% to trade at $79.26 in after-hours trade following the report.
For the year, Capital One Financial shares are up 10.33%, outperforming the S&P 500 which is up 6.7% year to date.
Capital One Financial follows other major Financial sector earnings this month
On January 15, JPMorgan reported fourth quarter EPS of $1.98 on revenue of $26.8B, compared to forecasts of EPS of $2.2 on revenue of $26.84B.
Bank of America earnings beat analyst's expectations on January 16, with fourth quarter EPS of $0.7 on revenue of $22.74B. Investing.com analysts expected EPS of $0.63 on revenue of $22.35B
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