Capital One Reports Higher Q2 Profit

released its fiscal second-quarter earnings results after the closing bell on Thursday. The company reported both earnings per share and revenue that came in ahead of Wall Street analysts' consensus estimates. In late trade, Capital One shares were last up around 1.42 percent to $68.00.

"We delivered solid performance across each of our businesses during the quarter, and we continue to generate significant capital," said Richard D. Fairbank, Chairman and CEO. "We will continue to tightly manage costs and credit quality, drive resilient growth in businesses we are emphasizing, and focus on returning capital to our investors to deliver sustained shareholder value."

Capital One reported net income available to common stockholders of $1.10 billion or $1.87 per share, compared to $92 million or $0.16 per share, in last year's corresponding period. Income from continuing operations was $1.24 billion or $2.07 per share, compared to $193 million or $0.33 per share, in last year's second-quarter. Heading into the report, Wall Street analysts had consensus EPS estimates of $1.72. Net-interest income was $4.55 billion from $4.0 billion a year ago. Non-interest income was $1.09 billion versus $1.05 billion last year. Total revenue in the quarter was $5.64 billion from $5.06 billion in last year's corresponding quarter. This came in ahead of analysts' consensus revenue estimates of $5.53 billion.