Capital One Financial Down 6% After Reporting Lower Than Expected Earnings

Capital One Financial COF is trading lower in pre-market following last night's earnings announcement. The company announced Q4 revenues $4.10 billion vs $4.14 billion estimates and EPS of $0.88. CEO of Capital One, Richard D. Fairbank, said: "In 2011, we made significant investments to restart growth across our lending businesses after a long period of cyclical declines in loan volumes, and we're seeing these investments gain traction." Capital One Financial is currently trading at $45.81, down $2.96 or 6.07% in pre-market.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Pre-Market OutlookMovers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!