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    • Richard Fairbank

    Strong returns despite rising…
    Tennessee

    Strong returns despite rising…

    Net income: $1.8 billion, or $4.41 per diluted common share. Adjusted earnings per share: $4.51 after adjusting items. Result before reset: Increased 3% to $4.7 billion. Sales growth: Increase of 5% due to higher net interest income. Non-interest expenses: Increased…

    Posted on Eira Gwyneth
    Consumers in “good shape,” card purchases increasing
    Tennessee

    Consumers in “good shape,” card purchases increasing

    Capital One’s latest quarterly results, released on Thursday (October 24) after the market close, stated that cardholders continue to use credit as an important payment method and consumers remain in “good shape,” according to the CEO. The company’s income allowances…

    Posted on Eira Gwyneth
    Capital One’s profit beats estimates for card and auto loan growth
    Tennessee

    Capital One’s profit beats estimates for card and auto loan growth

    (Bloomberg) – Capital One Financial Corp. (COF), the bank looking to take over rival Discover Financial Services (DFS), posted a profit that beat Wall Street estimates on the strength of its credit card and auto loan businesses. Most read by…

    Posted on Eira Gwyneth

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