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Capital One shares jump 4% after it beats profit expectations

July 21, 2017

Via: CNBC

Capital One Financial beat expectations, reporting second-quarter profit of $1 billion, or $1.94 a share, as revenue rose 7 percent over last year, to $6.7 billion.

Analysts polled by Thomson Reuters had expected earnings of $1.90 per share, and revenue of $6.67 billion.

Shares rose more than 4 percent in after-hours trading.

The company squeezed through the Federal Reserve’s stress tests this year with conditional approval to return money to shareholders after it fixes some “material weaknesses.”

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