Capital One reaps post-acquisition rewards
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Three months after disclosing a $4.3 billion loss, Capital One’s profit jumped 80% year-over-year in the third quarter. Its revenue surged 53%. And its net interest income rose 54%, according to an earnings report released Tuesday. Beyond that, the bank announced a plan this week to repurchase as much as $16 billion of its own common stock – and to increase its divid ...