Capital One Financial Records $16.3 Billion in Q3 Revenue
COF Capital One Financial Corp
$206.66 +2.53%
View chart & analysis → - 1Capital One recorded $16.3 billion in Q3 revenue, representing a 6% year-over-year improvement.
- 2Capital One achieved approximately $4.1 billion in Q3 net income (non-GAAP), marking a 7% growth rate in net income.
- 3Capital One management highlighted the progress of the Discover integration, stating that synergies reached $1.8 billion annually.
So what's the key point?
Capital One's third-quarter revenue increased by 6 percent compared to last year. The company gained $1.8 billion in annual benefits from its merger with Discover.
Source The Motley Fool +1 · View original ↗
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