Why Shares of Capital One Are Rising Today

Shares of the large lender Capital One (COF 4.36%) were trading nearly 5% higher at noon today. The company reported its first-quarter earnings results after the market closed yesterday, delivering an earnings beat but a slight miss on revenue.Solid earnings and merger approvalCapital One reported adjusted earnings per share of $4.06, well ahead of analyst estimates. However, revenue of$10 billion came up slightly short of estimates. Meanwhile, credit metrics held up well, with expected loan losses and 30- ...