• Most Popular
  • Most Shared

Capital One cost savings plan on track--CFO

NEW YORK
Thu Oct 18, 2007 5:24pm EDT

NEW YORK (Reuters) - Capital One Financial Corp's cost cutting plan is on track and should still generate gross savings of $700 million by 2009, the company's chief financial officer said on Thursday.

Stocks  |  Hot Stocks  |  Bonds

Speaking on a conference call, Capital One CFO Gary Perlin also said the company expects low- to mid-single-digit deposit and low growth in 2008.

Capital One still expects to generate 2007 earnings of about $5.00 a share, Perlin said.

(Reporting by Dan Wilchins)
Stocks
Hot Stocks
Bonds


More from Reuters

Photo

Obama will not rush Afghan troop drawdown

OSLO (Reuters) - There will be no "precipitous drawdown" of U.S. forces in Afghanistan and U.S. troops could still be in the country for years to come, President Barack Obama said on Thursday.

» More Top News
A security personnel stands guard near oil pipelines at Tawke oil field near Dahuk, 400 km (245 miles) north of Baghdad May 9, 2009. REUTERS/Azad Lashkari

Now or never for Big Oil

The pressure's on for oil giants looking to secure rare access to cheap Middle East reserves as Iraq gears up to auction off some of the world's largest untapped oilfields.  Full Article 

Energy
A glass of tap water is served at a restaurant in New York June 10, 2009 REUTERS/Shannon Stapleton

G7 glass half empty

Recovering from a punishing global recession has forced the world's richest nations to pay dearly, prompting subdued growth prospects and delayed sighs of relief.   Full Article 

Global markets