News Column

Card loans grow at Capital One

July 18, 2014

? Capital One Financial, one of the largest US credit card issuers, reported an eight per cent jump in quarterly profit as card loans grew and credit quality remained stable. The company's profit attributable to common stockholders rose to $1.18bn (690m) during the second quarter ended 30 June, up from $1.09bn in the same period last year, the firm said last night. Revenues fell three per cent down to $5.47bn.

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Source: City A.M. (UK)

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