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Sep 30, 2020
Capital One Q3 2020 Earnings Report
Capital One reported strong third quarter results, driven by investments in technology and a response to the economic downturn.
Key Takeaways
Capital One reported net income for the third quarter of 2020 of $2.4 billion, or $5.06 per diluted common share. Total net revenue increased 13 percent to $7.4 billion.
Total net revenue increased 13 percent to $7.4 billion.
Total non-interest expense decreased 6 percent to $3.5 billion.
Pre-provision earnings increased 38 percent to $3.8 billion.
Provision for credit losses decreased 92 percent to $331 million.
Capital One
Capital One
Forward Guidance
Capital One cautions that any forward-looking information is not a guarantee of future performance and that actual results could differ materially.