Capital One Declines as Profit, Guidance Miss Estimates
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Capital One Financial Corp., the lender that gets more than half of its revenue from credit cards, fell the most on the Standard & Poor’s 500 Financials Index after fourth-quarter profit missed analysts’ estimates.
Capital One dropped 7.5 percent to close at $56.99 in New York, the most since August 2011. Net income was $1.41 a share for the three months ended Dec. 31, the McLean, Virginia-based company said yesterday in a statement. That fell short of the $1.59 average estimate of 21 analysts surveyed by Bloomberg.