Capital One Stock Climbs After Better-Than-Expected Q3 Results: Details

Capital One Financial Corp. (NYSE:COF) reported its third-quarter results after Thursday's closing bell. Here's a look at the key figures from the report.  

The Details: Capital One Financial reported quarterly earnings of $4.51 per share, which beat the analyst consensus estimate of $3.76. Quarterly revenue came in at $10.014 billion, which beat the analyst consensus estimate of $9.861 billion and is an increase over sales of $9.366 billion from the same period last year.

Period-end loans held for investment in the quarter increased $2.1 billion, or 1%, to $320.2 billion.

Average loans held for investment in the quarter increased $3.4 billion, or 1%, to $318.3 billion.

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“Strong third-quarter results included top-line growth in our domestic card and auto businesses and stable consumer credit results,” said Richard D. Fairbank, founder, chairman, and CEO. “On the Discover acquisition, we continue to work through the regulatory approval process, and we’re fully mobilized to plan and deliver a successful integration.”

COF Price Action: According to Benzinga Pro, Capital One Financial shares are up 2.83% after-hours at $157.60 at the time of publication Thursday.

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