Capital One Financial Reports 4.6% Rise in Revenues

Shares of Capital One Financial (NYSE: COF) are trading flat in the after-hours following the release of the company's Q3 earnings results. Currently, shares are higher by 0.15%, at $40.55; they ended the regular session higher by 1.86%, at $40.49.

Capital One Financial reported Q3 EPS of $1.77 on revenues of $4.2 billion; the Street was looking for $1.68 per share on revenues of $4.04 billion. Revenues increased 4.6% year over year.

"Our strong third quarter results demonstrate that we remain well-positioned to win in the marketplace and deliver shareholder value, " said Richard D. Fairbank, Capital One's Chairman and Chief Executive Officer.

"We expect that the acquisitions of ING Direct and the HSBC US Card Business will deliver attractive financial results in the near-term, and put us in an even stronger position to enhance and sustain the value we can deliver to our customers, our communities and our shareholders."

Capital One Financial Corporation is a diversified financial services holding company. The Company and its subsidiaries offer a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels.