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  • Mercury Network acquires Platinum Data Solutions

    In a move that is one of the first of its kind for the industry, Mercury Network, an appraisal management system, announced it acquired Platinum Data Solutions, a QC technology company. In light of the changes, HousingWire talked with Will Clemens, CEO of Mercury Network, and Phil Huff, CEO of Platinum Data, to see how the change fits perfectly into both of the companies.

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Capital One Financial Corp. reports 2% earnings jump, but misses expectations

Net income of $859 million, or $1.45 per diluted share

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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. 

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