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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.

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15 Y Fixed Graph 3.26% dw 3.30%  
30 Y Fixed Jumbo Graph 4.58% dw 4.66%  
5/1 ARM Graph 3.33% dw 3.42%  
5/1 Jumbo ARM Graph 3.73% dw 3.88%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.29% -- 4.29%  
$50K HELOC Graph 4.04% -- 4.04%  
$30K Loan Graph 5.09% -- 5.09%  
$50K Loan Graph 4.52% -- 4.52%  
$75K Loan Graph 4.52% -- 4.52%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.93% -- 2.93%  
36 M Used Graph 3.46% dw 3.47%  
48 M New Graph 3.22% -- 3.22%  
48 M Used Graph 2.99% up 2.98%  
60 M New Graph 3.24% -- 3.24%  
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1 yr Graph 0.69% -- 0.68%  
5 yr Graph 1.39% -- 1.39%