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(Dow Jones) -- Capital One Financial Corp. on Wednesday reported a 20% rise in quarterly net income as its loan business expanded.
Capital One reported a third-quarter net profit of $588 million or $1.89 a share, compared with $491.1 million in the same period a year ago.
Revenue for the period rose 22% to $3.1 billion.
Analysts polled by Thomson First Call were expecting Capital One would earn a profit of $1.79 a share in the third quarter, compared with $1.81 a share earned a year ago.
The company said it expects full-year earnings per share to be in the 'higher end' of the $7.40 to $7.80 range
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