Capital One Profit Rises

(RTTNews) - Credit card lender Capital One Financial Corp (COF) on Thursday reported fourth-quarter net earnings to stockholders of $974 million or $1.73 per share compared with $835 million or $1.43 per share last year.

Revenues for the quarter were $5.8 billion compared with $5.54 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $1.74 per share on revenues of $5.7 billion for the quarter. Analysts' estimates typically exclude special items.

Provision for loan losses for the quarter climbed to $1.1 billion from $957 million in the prior year, and income tax provision for the quarter was lower by $27 million.