Capital One Beats 1Q Expectations on Fee Income
By Robert Barba
Capital One Financial Corp. reported better-than-expected results in the latest quarter, largely a result of growth in non-interest income.
The bank holding company reported first-quarter net income of $2.4 billion in the latest quarter, compared with $3.33 billion a year earlier. Both figures are before preferred stock dividends and dividends and undistributed earnings allocated to participating securities.
Earnings per share were $5.62. Analysts polled by FactSet expected $5.