Capital One Financial reported Q3 earnings of $0.94 per share on net income of $425.6 million versus $1.00 per share on net income of $374 million in the year ago period.
"We've worked for years to position our company to be resilient, and our third quarter results demonstrate that resiliency in the midst of the most challenging economic cycle we've seen in generations," said Richard D. Fairbank, Capital One's Chairman and Chief Executive Officer. "We are successfully weathering the storm, but the storm is not over. Therefore, we will continue to take the decisive actions necessary to place our company in the best position to navigate the downturn and drive shareholder value over the cycle."
Oct 23 · 2:36:00 PM · Source: Press Release
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by Michael Oliveto
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