Capital One: Q4 Income Up, Revenue Down

Banking services and credit card giant Capital One Financial (NYSE:COF) reported mixed fourth-quarter results on Tuesday, Jan. 21. The company's adjusted EPS of $3.09 exceeded consensus estimates of $2.83, showing a substantial rise from $1.67 in the previous year. However, total revenue for the quarter came in slightly below expectations at $10.19 billion versus the estimate of $10.21 billion.

Despite the revenue miss, the quarter was marked by strong growth in net income, which increased by 56% to $1.1 billion, indicating solid performance amidst competitive challenges.

Source: Capital One Financial. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. bps = Basis points.

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Source Fool.com