MCLEAN, Va. (AP) _ Capital One Financial Corp. (COF) on Thursday reported first-quarter earnings of $1.41 billion.
The McLean, Virginia-based company said it had net income of $2.86 per share. Earnings, adjusted for one-time gains and costs, came to $2.90 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.68 per share.
The credit card issuer and bank posted revenue of $8.38 billion in the period. Its adjusted revenue was $7.08 billion, also beating Street forecasts. Seven analysts surveyed by Zacks expected $7.01 billion.
Capital One shares have risen 16 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 17 percent. In the final minutes of trading on Thursday, shares hit $88.05, a drop of 5 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COF at https://www.zacks.com/ap/COF