Earnings Review and Analysis - Capital One Financial
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LONDON, October 28, 2014 /PRNewswire/ --
Investor-Edge.com has issued free earnings review and analysis on Capital One Financial Corp. (NYSE: COF). On October 16, 2014, the company reported its financial results for Q3 FY14 (period ended September 30, 2014). Click on www.investor-edge.com/FreeReports to read our free earnings review on Capital One Financial. During Q3 FY14, Capital One Financial Corp.'s net income per diluted common share increased $0.02 from the preceding year quarter. Our free coverage report can be accessed at:
www.investor-edge.com/register
Earnings Overview
During Q3 FY14, Capital One Financial Corp. reported net revenues of $5.64 billion, compared to $5.65 billion in the same period last year. The company's net revenues during the reported quarter came marginally above the Bloomberg analysts' forecast of $5.56 billion. The company's net interest income for Q3 FY14 decreased to $4.50 billion, from $4.56 billion in the prior year quarter; while its non-interest income increased to $1.14 billion, from $1.09 billion in Q3 FY13. Further, the company's total non-interest expenses were $2.98 billion, as compared to $3.11 billion in the corresponding quarter last year. The free research on COF can be downloaded as in PDF format at:
www.Investor-Edge.com/COFFreeReport
Capital One Financial Corp.'s net income for Q3 FY14 stood at $1.08 billion, or $1.86 per diluted share, compared to $1.10 billion, or $1.84 per diluted share in the same quarter last year. Analysts from Bloomberg had expected the company to report net income of $1.10 billion, or $1.94 per diluted share in Q3 FY14.
Richard D. Fairbank, Capital One's Chair and Chief Executive Officer, stated that Capital One delivered solid quarterly results across its businesses, and continued to return capital to its shareholders as it executes its announced $2.5 billion share repurchase program. He further asserted that the company has the financial strength to deliver very attractive risk-adjusted returns while it invests to drive future growth and be a leader in digital banking. Sign up and read the free analyst's notes on COF at:
www.Investor-Edge.com/COF-28102014
Stock Performance
On the following day of the earnings release, October 17, 2014, Capital One Financial Corp.'s stock ended the session at $76.43, down 2.67% and witnessed a mixed trend since then. On the last close, Monday, October 27, 2014; it finished at $79.04, 0.29% below its previous day's closing price, after vacillating between $78.86 and $79.68. A total of 2.68 million shares were traded, which was below its three months average volume of 2.98 million shares. Over the last one month and past three months, the company's shares have fallen by 3.15% and 3.20%, respectively. However, the stock has gained 3.17% from the beginning of 2014. Shares of Capital One Financial Corp. are trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $81.10 is greater than its 200-day moving average of $77.88. Furthermore, the stock traded at a PE ratio of 10.51 and has a Relative Strength Index (RSI) of 46.98. Visit Investor-Edge and access the latest research on COF at:
www.Investor-Edge.com/COFEarningsCoverage
Sneak Peek to Corporate Insider Trading
In the last one month Capital One Financial Corp. has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on COF is available at:
www.Investor-Edge.com/COFInsiderTrading
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