Morningstar

Capital One Logs Higher 3Q Revenue, Net as Discover Integration Continues

Provided by Dow Jones

By Natalie Weger 




  Capital One Financial logged higher profit and revenue in the third quarter as the company continues its integration of Discover. 



  The McLean, Va., financial services firm on Tuesday posted a profit of $3.54 billion, or $5.61 a share, in the quarter ended Sept. 30, up from $3.19 billion, or $4.83 a share, a year earlier. 



  Adjusted earnings per share were $6.69. Wall Street analysts expected $5.50 a share. 



  Revenue increased 3% to $16.34 billion. Analysts forecast $16.25 billion. Provision for credit losses fell $73 million from last quarter to $2.92 billion. 



  Chief Executive Richard Fairbank said Capital One continues to make progress integrating its $35 billion acquisition of Discover, which completed more than a year ago. 



  "The Discover integration continues to go well and we're making good progress on delivering the expected synergies," he said. 





  Write to Natalie Weger at natalie.weger@wsj.com. 





  (END) Dow Jones Newswires



  October 20, 2026 16:45 ET (20:45 GMT)


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