Capital One Financial Q2 Profit Rises - Quick Facts

(RTTNews) - Capital One Financial Corp. (COF) Thursday reported second-quarter profit of $1.12 billion, up from $93 million in the same period last year.

Net income available to common stockholders surged to $1.10 billion or $1.87 per share from $92 million or $0.16 per share last year. Income from continuing operations totaled $1.24 billion or $2.07 per share, compared to $193 million or $0.33 per share last year. On average, 27 analysts polled by Thomson Reuters expected the company to earn $1.72 per share for the quarter. Analysts' estimates typically exclude special items.

Net-interest income increased to $4.55 billion from $4.0 billion last year. Non-interest income amounted to $1.09 billion, up from $1.05 billion last year.

Revenues totaled $5.64 billion, up from $5.06 billion last year. Analysts expected revenues of $5.53 billion.