- Associated Press - Thursday, October 16, 2014

MCLEAN, Va. (AP) - Capital One Financial Corp. (COF) on Thursday reported earnings of $1.08 billion in its third quarter.

The McLean, Virginia-based company said it had profit of $1.86 per share. Earnings, adjusted to account for discontinued operations, were $1.94 per share.

The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share.

The credit card issuer and bank posted revenue of $5.64 billion in the period, which also topped Street forecasts. Analysts expected $5.54 billion, according to Zacks.

Capital One shares have increased 2.5 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased nearly 1 percent. In the final minutes of trading on Thursday, shares hit $78.53, a climb of roughly 9 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. COF stock research report from Zacks.

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Keywords:Capital One,Earnings Report,Priority Earnings

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