Capital One Financial Corp

COF: XNYS (USA)
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Capital One: Strong Credit Results and Lower Effective Tax Rate Drive Double-Digit Earnings Growth

Capital One reported strong third-quarter results as lower credit costs offset headwinds from loan growth. Net revenue increased 6% from last year to 16.3 billion, while diluted earnings per share rose 16% to $5.61. These results translate to a return on equity of 12.6%.

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