Quartz·1 min read·medium
Capital One topped earnings estimates as credit losses fell and Discover integration progressed
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Capital One exceeded second-quarter earnings expectations, reporting an adjusted EPS of $5.81. The positive performance was driven by a $1.1 billion reduction in provisions for credit losses and progress in the integration of Discover.
The bank posted adjusted EPS of $5.81 in the second quarter, topping analyst estimates, as its provision for credit losses dropped $1.1 billion
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