Capital One profit falls 6 percent

Reuters

(Reuters) - Capital One Financial Corp (COF) reported a 6.3 percent fall in quarterly profit as the company earned lower interest income on deposits.

The company's net income fell to $1.10 billion, or $1.86 per share, for the quarter ended September 30, from $1.18 billion, or $2.01 per share, a year earlier.

Net revenue for the quarter fell 2 percent to $5.65 billion.

(Reporting by Aman Shah in Bangalore; Editing by Saumyadeb Chakrabarty)

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