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)
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