Capital One Financial Shares Up 8% on Higher 4Q Revenue
26 January 2023 - 6:26AM
Dow Jones News
By Kathryn Hardison
Shares of Capital One Financial Corp. increased 8%, to $115.09,
on Wednesday after the financial services company reported an
increase in fourth-quarter revenue, driven by higher net interest
income and non-interest income.
Shares reached an intraday high of $115.26, marking the highest
trading level since shares reached $115.53 on Nov. 14, according to
FactSet.
The company said late Tuesday that its fourth-quarter revenue
increased 11% from the prior-year period to $9.04 billion. Net
interest income was roughly $7.20 billion, up from $6.45 billion
the year prior. Non-interest income was $1.84 billion, up from
$1.67 billion a year ago.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
January 25, 2023 14:11 ET (19:11 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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