Capital One Financial Shares Up 8% on Higher 4Q Revenue

By Kathryn Hardison

Shares of Capital One Financial Corp. increased 8%, to $115.09, on Wednesday after the financial services company reported an increase in fourth-quarter revenue, driven by higher net interest income and non-interest income.

Shares reached an intraday high of $115.26, marking the highest trading level since shares reached $115.53 on Nov. 14, according to FactSet.

The company said late Tuesday that its fourth-quarter revenue increased 11% from the prior-year period to $9.04 billion. Net interest income was roughly $7.20 billion, up from $6.45 billion the year prior. Non-interest income was $1.84 billion, up from $1.67 billion a year ago.

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(END) Dow Jones Newswires

01-25-23 1411ET