April 16 Capital One Financial Corp's
quarterly profit rose about 10 percent as the credit card issuer
set aside less money to cover soured loans.
The company's net income available to common stockholders
rose to $1.14 billion, or $1.96 per share, for the first-quarter
ended March 31, from $1.04 billion, or $1.77 per share, a year
Total net revenue fell about 3.3 percent to $5.37 billion.
The company's provision for bad loans fell about 17 percent
to $735 million in the first quarter.
(Reporting by Avik Das in Bangalore)