Sign in to comment!

Menu
Home

Economy

Higher revenue boosts Capital One Financial 4Q net, shares drop as results miss Street views

Capital One Financial Corp. says its fourth-quarter net income grew more than twofold, as revenue for the lender rose by 38 percent from a year earlier.

McLean, Virginia-based Capital One said Thursday that net income rose to $825 million, or $1.41 per share. That compares with $381 million, or 88 cents per share, in the same period a year ago.

Revenue rose to $5.62 billion from $4.05 billion.

The results fell short of Wall Street expectations. Analysts polled by FactSet expected earnings of $1.58 per share on revenue of $5.76 billion.

Capital One shares fell $3.69, or 6 percent, to $57.90 in after-hours trading.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.98% up 3.93%  
15 Y Fixed Graph 3.04% -- 3.04%  
30 Y Fixed Jumbo Graph 4.22% dw 4.51%  
5/1 ARM Graph 3.30% dw 3.69%  
5/1 Jumbo ARM Graph 3.13% dw 3.36%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.32% up 4.31%  
$50K HELOC Graph 4.06% -- 4.06%  
$30K Loan Graph 5.05% dw 5.08%  
$50K Loan Graph 4.48% dw 4.50%  
$75K Loan Graph 4.50% dw 4.52%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.94% -- 2.94%  
36 M Used Graph 3.48% up 3.46%  
48 M New Graph 3.22% -- 3.22%  
48 M Used Graph 3.04% -- 3.04%  
60 M New Graph 3.24% -- 3.24%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.39% up 0.38%  
1 yr Graph 0.71% up 0.71%  
5 yr Graph 1.50% -- 1.50%  

See the latest updates on the hottest midterm races from Fox News

Full Elections Coverage →

Keep up with all the 2014 races in

Coverage →