Hot Earnings: Google and Chipotle Surge Higher, AMD Plunges 7%
Shares of Capital One (NYSE:COF) jumped nearly 2 percent in late afternoon hours. Capital One reported quarterly earnings of $1.86 per share, topping estimates calling for $1.80 per share. Revenue was also better than expected. “Our businesses continue to deliver attractive, sustainable, and resilient returns and generate capital on a strong trajectory,” said Richard D. Fairbank, chief executive officer, Capital One. “We remain focused on important levers that will sustain and improve our profitability and our ability to distribute capital.” Capital One’s net interest margin also increased 6 basis points to 6.89 percent.