Capital One second quarter results fall 40 percent

NEW YORK (Reuters) - Capital One Financial Corp, (COF.N) a credit card issuer and bank, said on Thursday that second quarter earnings fell 40 percent, as the company set aside more money for loan losses.

The McLean, Virginia-based company said second quarter earnings fell to $452.9 million, or $1.21 a share, from $750.4 million, or $1.89 a share a year earlier.

Analysts had on average expected results of $1.31 a share, according to Reuters Estimates.

Total revenue fell to $3.35 billion in the second quarter, from $3.51 billion in the same quarter last year.

(Reporting by Dan Wilchins; editing by Carol Bishopric)