Capital One Financial Corp. reports 2% earnings jump, but misses expectations
Net income of $859 million, or $1.45 per diluted share
Capital One Financial Corp. reported a 2% earnings increase in the fourth quarter of 2013 over Q4 earnings from 2012, but saw its stock trade down after missing analyst expectations.
The company's 2013 fourth-quarter net income of $859 million, or $1.45 per diluted share, was up from $843 million in net income, or $1.42 per diluted share, for the fourth quarter last year. Analysts had predicted $1.54 per diluted share.
Revenue was down 1.4% from the fourth quarter of last year, and 2.2% from the third quarter of 2013 to $5.54 billion.