SAN FRANCISCO (Thomson Financial) - Capital One Financial Corp. late
Thursday reported second-quarter net earnings of $452.9 million, or $1.21 a
share, below the mean $1.31 estimate of analysts polled by Thomson Reuters.
Net earnings in the prior-year quarter came to $750.4 million, or $1.89 a
share.
Net interest income for the most recent quarter totaled $1.73 billion,
compared with $1.54 billion a year ago.
The second-quarter provision for loan losses at the McLean, Va.-based
financial services company rose to $829 million from $396.7 million the
prior-year period.
The stock closed the regular session up $5.52, or 15%, at $42.80.
Brigid Gaffikin
bg/gm
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