Capital One Financial Corp.'s posted higher revenue and net
income for the fourth quarter, as well as a higher provision for
credit losses.
As one of the country's largest credit-card lenders, Capital
One's results are often considered a gauge of consumer sentiment.
The company also offers traditional bank accounts, mortgages, auto
loans and commercial loans.
Capital One said 2014 was a "strong year" and said it's "poised
to build on the momentum in 2015."
Capital One reported a profit of $999 million, up from $852
million a year earlier. Earnings per share from continuing
operations were $1.68 a share, with net income of $1.73 a share. A
year earlier, earnings from continuing operations were $1.46 a
share, with net income of $1.43 a share.
Net revenue was $5.81 billion, up from $5.54 billion in the
year-ago quarter.
Analysts polled by Thomson Reuters expected per-share profit of
$1.74 on revenue of $5.7 billion.
The company's shares were down 70 cents in late trading to
$75.50.
Capital One's credit-loss provision was $1.1 billion for the
quarter, up from $957 million a year earlier.
Write to Josh Beckerman at josh.beckerman@wsj.com-
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