Estimates: An 8% earnings jump to $1.90 on an almost 7% revenue gain to $6.68 billion.
Results: EPS of $1.96 on revenue of $6.7 billion.
Capital One beats by $0.06, reports revs in-line:
- Reports Q2 (Jun) earnings of $1.96 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $1.90; revenues rose 7.2% year/year to $6.7 bln vs the $6.68 bln Capital IQ Consensus.
- Provision for credit losses decreased 10 percent to $1.8 billion;
- Net charge-offs of $1.6 billion;
- Net interest margin flat at 6.88 percent;
- Efficiency ratio of 50.92 percent.
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